Question 1

If sales on an accrual basis are $450,000 and accounts receivable decrease by $45,000, the cash received from customers would be.

Cannot be determined

$450,000.

$495,000.

$405,000.

Question 2

Operating activities are most closely related to

Current assets and current liabilities

Dividends and treasury stock.

Long-term assets

Long-term liabilities and stockholders