when a company allocated the cost of a fixed asset across its estimated years of useful life

QUESTION 5 and be classified For each item choose whether the activity would be classified as an operating, investing, or financing activity on the statement of cash flows, or if it is a non-cash transaction. Use the following choices for you answer: - Payment of interest on notes payable - A. Operating B. Investing - Lending money Issuance of common stock Payment of dividends to shareholders Issuance of bonds payable for Land receipt of interest revenue Purchase of inventory Purchase of land for $30,000 Issuance of bonds payable Payment of salaries o purchase of treasury stock cash received from the sale of equity securitie C. Financing D. Non-cash QUESTION 6 Click Save and submit to save and submit. Click Save All Answers to save all answer QUESTION 7 When preparing the operating section of the statement of cash flows, using the indirect method determine if the item would cause a positive adjustment to net income or a negative adjustment to net income - increase in accounts payable - increase in accounts receivable A. Increase gains from the sale of machinery B. decrease depreciation expense