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erica [24]
3 years ago
7

Officials argue that the government needs to reduce the national debt. Which actions are most likely to accomplish this goal?

Business
1 answer:
ad-work [718]3 years ago
5 0
If o<span>fficials argue that the government needs to reduce the national debt, I believe that the actions that are most likely to accomplish this goal are to increase taxation and decrease spending.
If they increase taxation, more money will come into the state fund, and if they decrease spending, more money will actually stay there.
</span>
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The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Accounts receivable
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Answer:

a. $337,000

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Cash provided by Operating activities=Net income+Depreciation+Account receivable+Inventories decreased -Prepaid expenses+Accounts payable increased

Let plug in the formula

Cash provided by Operating activities=$240,000 + $50,000 + $10,000 + $30,000 - $1,000 + $8,000

Cash provided by Operating activities=$337,000

Therefore the cash provided by operating activities was $337,000

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