Provide calculations or explanation (if its possible)

QUESTION 37 All of the following statements are on the accrual basis except the: O classified balance sheet O income statement O statement of cash flows O retained earnings statement QUESTION 38 Entity L reported net income of $150,000 for the current year and uses the indirect method to report operating activities cash flow. Accounts Payable decreased by $9,000 during the year. Choose the appropriate category on the statement of cash flows to report the decrease in Accounts Payable. Cash Flows From Operating Activities-Add to Net Income O Cash Flows From Operating Activities-Deduct from Net Income O Cash Flows From Investing Activities O Cash Flows From Financing Activities O Non-cash QUESTION 39 In a common size balance sheet, the 100 percent figure is O total property, plant and equipment. O total current assets O total liabilities. O total assets. QUESTION 40 Entity I incurred various costs regarding its delivery truck which it purchased two years ago. For the cost that follows, indicate the proper treatment of the cost for financial accounting purposes: Annual license fees for the truck in 2022 were S600. O Capitalized O Expensed Ignored