With regard to a bond sinking fund, all of the following are true except: Multiple Choice Bond sinking funds make the bond offering less secure. O Bond sinking funds are an inducement to the investor to purchase the bond. Bond sinking funds are recorded as a long term investment Bond sinking funds are used to pay off the Bond Payable at maturity. Which of the following statements regarding Statement of Cash Flows is true? Multiple Choice The direct method and the indirect method differ in all three sections of the Statement of Cash Flows O In the direct method of preparation of Statement of Cash Flows, interest and dividends received are reflected in the Investing Activities section The indirect method of preparation of the Statement of Cash Flows begins with Net Income, and then adds back the noncash items such as depreciation expense. Proceeds from sales of plant assets are shown in the investing activities section as a subtraction Help Save & Exit Sut Clark Imports sold a depreciable plant asset for cash of $67,000. The accumulated depreciation amounted to $85.000, and a loss of $3,600 was recognized on the sale Under these circumstances, the original cost of the asset must have been Multiple Choice bo o $81400 5155.000 $140.400 58600