An abstract class cannot be directly instantiated

Hamilton Lawn Service earned $1,000 for services rendered and collected cash from its customer. What is the effect on accounts?

A) Cash account increases; Accounts payable increases. B) Cash account increases; Accounts receivable increases. C) Cash account increases; Supplies account decreases. D) Cash account increases; Owner's capital account increases.

The three basic types of cash-related activities that every business faces are:

A) investing, working capital management, and financing. B) financing, operations, and investing. C) working capital management, financing, and budgeting. D) capital budgeting, investing, and cash management.