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b. & c. answered please Understand operating activities on the statement of cash flows. Q1 Operating activities include cash transactions that primarily affect (current asset/long-term

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b. & c. answered please

Understand operating activities on the statement of cash flows. Q1 Operating activities include cash transactions that primarily affect (current asset/long-term asset/current liability/long-term liability/stockholders' equity) accounts. (Circle oil that apply) Q2 Identify transactions recorded in the operating section of the statement of cash flows. (Operating/Not) a. Receive cash from customers paying on account. (Operating/Not) b. Pay rent for the next accounting period. (Operating/Not) c. Receive the utility bill for this accounting period that will be paid next accounting period. (Not paid this accounting period)

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