Answer:
net cash provided by operating activities 60,000
Explanation:
net income 70,000
Change in working Capital
Increase Inventory (40,000)
Increase Account payable 30,000
Net change in working capital (10,000)
net cash provided by operating activities 60,000
The working capital is the current asset and current liabilities.
the dividend, bonds and mortgare are not operating activities.
the securities are considered cash.
Answer: b. Open Item
Explanation:
The statement that Heather wants to help a client send out is to include unpaid invoices, unapplied payments, and Credit Memos which are essentially signs that the creditor has not been paid.
An open item statement would therefore work best because it is to include open accounts that are yet to be paid so will include all those entries described above.
Number 1 is B
number 2 is C
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