1. if a firm shortens the useful life of a long term asset it will most likely cause

a. higher tax expense

b. lower net income

c. higher inet income

2. a firm has a high cash payments to its suppliers but low account payable as a finacial analyst, your conclusion likely

a. it is positive sign as the firm has ample cash to make payment

b. it is negative as the firm should make better use of suppliers financing

c. it is positive sigh as the firm can finish the production cycle quicker and increase turnover