Answer:
A. $50 increase
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
The change in net cash provided by operation is shown below:
= Investment made - purchased goods on credit - paid amount
= $300 - $150 - $100
= $50
Answer:
It will be reported as accrued expenses (c)
Explanation:
Accrued expenses represents amount owed for either serviced that has been enjoyed or goods that have been delivered but yet to be paid for.
Income statement is prepared on accrual basis, hence, these expenses will be recognized in the current period and matched with revenues generated.
After one year you will be able to get 305 extra dollars then what you have put in hope this helps you
Apply for it and be a lucky man to live
