Presented below are two independent situations. Situation A: Chenowith AG reports revenues of 200,000 and operating expenses

Question:

Presented below are two independent situations.
Situation A: Chenowith AG reports revenues of €200,000 and operating expenses of €110,000 in its first year of operations, 2019. and at year-end were €71,000 and €39,000, respectively. Assume that the related to operating expenses. (Ignore income taxes.)
Instructions
Using the direct method, compute net cash provided (used) by operating activities.
Situation B: The income statement for Edgebrook SA shows cost of goods sold €310,000 and operating expenses (exclusive of depreciation) €230,000. The comparative statements of financial position for the year show that inventory increased €21,000, prepaid expenses decreased €8,000, (related to merchandise) decreased €17,000, and accrued expenses payable increased €11,000.
Instructions
Compute (a) cash payments to suppliers and (b) cash payments for operating expenses.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...