Seble wants to open a floral shop in a downtown business district. she doesn't have fundsenough to purchase inventory and pay six months'' rent up front. seble approaches a good friend, zhou, to discuss the possibility of zhou investing funds and becoming a 25% partner in the business. after a lengthy discussion zhou agrees to invest. eight months later, zhou and seble have a major argument. in order for zhou to sue seble for fraud, all the following must be true excepta) zhou's decision to invest was primarily based on seble's assertion that she had prior floral retail experience. b) seble told zhou she had worked at a floral shop for several years, when in fact she did not have any prior experience in floral retail. c) before zhou invested, seble prepared a detailed business plan and sales forecasts, and provided zhou with copies. d) zhou's 25% share of the business is worth substantially less than her initial investment

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here.paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method.net cash provided $1,940,000