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NEED ASAP, will leave THUMBS UP Which of the following transactions would affect both net income and cash from operating activities by the same amount

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Which of the following transactions would affect both net income and cash from operating activities by the same amount during the month in which the event takes place? O Paying $500 for last month's utility bill. Using one month of prepaid rent $750. Receiving $1,000 cash in advance for services to be provided in future months. O Paying $2,000 in advance for the next two months insurance. O Providing services to customers for cash in the amount of $4.900. In the long run, a strong statement of cash flows shows that significant cash is being generated internally by: Effective tax planning Operating activities Investing activities Financing activities Cathy operates a photography business. Customers book her services in advance of the event. A 50% deposit is required when booking the event. The remaining 50% is required one week after the event. The revenue recognition principle indicates that revenue is earned: o when the event takes place, and the pictures are taken one week after the event when the final 50% payment is received one-half of the revenue is earned when the customer books the event and pays the 50% deposit; the other half is earned one week after the event, when the final 50% payment is received. when the customer books the event and pays the 50% deposit

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