Reference no: EM132773606

Problem 1: In order to determine net cash provided by operating activities, a company must convert net income from an accrual basis to a cash basis under

Option 1: the direct method only.

Option 2: the indirect method only.

Option 3: both the direct method and the indirect method.

Option 4: neither the direct nor the indirect method.

Problem 2: If Year 1 sales equal $750, Year 2 sales equal $1500, and Year 3 sales equal $930, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is

Option 1: 62%.

Option 2: 124%.

Option 3: 200%.

Option 4: 50%.