Reference no: EM132736294

Problem 1: Cash used by operating activities would result from which of the following?

Select one:

a. The increase in assets other than cash.

b. The decrease assets other than cash

c. The increase in assets including cash

d. The decrease assets including cash

e. The increase in liabilities and assets

Problem 2: Items of financial information are material if

a. they could not influence the economic decision made by the user of financial statement.

b. investor pay attention but ignore reviewing overall financial statement

c. they could influence the economic decision made by the user of financial statement

d. they are aggregated with other items

e. they are insignificant