27. Working capital is the
    1. Sum of the Companys liabilities expected to be settled within one year or within one operating cycle of the business
    2. The excess of current assets over current liabilities
    3. The sum of assets not classified as current

28. Operating activities
    1. Deliver or produce goods for sale and provide services
    2. Buy or sell long-term assets and other investments
    3. Obtain or repay capital

29. Spot what is not True. The direct method of Operating cash flow presenting.
    1. Is encouraged under IFRS
    2. Shows each cash inflow and outflow related to receipts and disbursements
    3. Begins with net income and adjusts to operating cash flows.