5-)Qtopia Company uses the direct method to prepare its statement of cash flows. It has reported sales revenues of $100,000 on its income statement for the year 2012. If the balance in accounts receivable has gone up by $4,000 during the year, then $4,000 will have to be added to $100,000 to calculate collections from customers. True or false

6-)Qtopia Company uses the direct method to prepare its statement of cash flows. It has reported operating expenses of $21,000 on its income statement for the year 2012. If the balance in accrued liabilities has gone up by $1,000 during the year, then $1,000 will have to be added to $21,000 as part of the process to calculate payments to suppliers for operating expenses. true or false.

7-Please refer to the following information for Petra Sales Company: Common stock, $1.00 par, 200,000 issued, 180,000 outstanding Paid-in capital in excess of par: $1,600,000 Retained earnings: $2,440,000 Treasury stock: 20,000 shares purchased at $12 per share If Petra Sales sells 10,000 shares of treasury stock at $14 per share, the company will record a gain on the sale of treasury stock of $20,000. True or false

8- Public companies are required to publish financial statements, but privately held companies are generally not required to do so.true or false