Question 2 (4 points) The only difference between the Direct Method and the Indirect Method is the way the Financing Activities section is prepared. True False Question 3 (4 points) Payment of wages to employees would be reported in the Operating Activities section as a cash outflow. True False EPS can be found on the income Statement. 3 True False 6 Question 9 (4 points) If cash dividends are distributed on a date after dividends have been declared, then overall total liabilities will decrease and total assets will decrease. 12 True False 5 Question 10 (4 points) Treasury stock is shown as a reduction to total stockholders equity and is reported on the Statement of Stockholders' Equity 0 True 1 False Question 11 (4 points) A 9 month note payable is a current liability but a 2 year note payable is a noncurrent liability