Question one:

Skinner Butte, Inc. had the following information:

Net income	$	40,000
Depreciation		6,000
Increase in accounts receivable		2,000
Decrease in prepaid rent		(800	)
Increase in accrued liabilities		1,800
Cash paid to purchase office equipment		8,000

Question needed: What is Skinner Buttes net cash provided by operating activities?

Question two: Sales tax collected by a company is normally reported as:

(Choose one Multiple Choice)

a. income tax expense.

b. an operating expense.

c. a current liability.

d. an asset.