The following information is taken from the 2020 general ledger of Blossom Company. Rent Rent expense $ 39,700 Prepaid rent, January 1 5,800 Prepaid rent, December 31 9,200 Salaries Salaries and wages expense $ 64,000 Salaries and wages payable, January 1 10,500 Salaries and wages payable, December 31 8,600 Sales Sales revenue $169,200 Accounts receivable, January 1 18,200 Accounts receivable, December 31 6,600 In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.

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Match each economic concept with the scenarios that illustrates it

How should the environmental effects be dealt with when evaluating this project? the environmental effects should be ignored since the plant is legal without mitigation. the environmental effects should be treated as a sunk cost and therefore ignored. if the utility mitigates for the environmental effects, the project is not acceptable. however, before the company chooses to do the project without mitigation, it needs to make sure that any costs of "ill will" for not mitigating for the environmental effects have been considered in the original analysis. the environmental effects should be treated as a remote possibility and should only be considered at the time in which they actually occur. the environmental effects if not mitigated would result in additional cash flows. therefore, since the plant is legal without mitigation, there are no benefits to performing a "no mitigation" analysis.