7.Interest payment is reported as: 

1. Decrease in cash in the statement of changes in the equity of the owners.
2. Decrease in cash in the financing activities section.
3. Decrease in cash in the operational activities section.
4. Decrease in cash in the investment activities section.

8. Indicate which financial statement you should examine if you are analyzing the financial statements of a company and want to know the reasons why the net income and cash of the company are different at the end of the period. 

1. statement of financial position.
2. statement of changes in Equity.
3. Statement of cash flows.

9.The notes that are presented in the annual report of a company 

1. describes management's plans for the coming year.
2. They usually disclose the amount of salary of the managers.
3. They explain the company's accounting policies.
4. They are not an integral part of the financial statements.