Multiple Choice
Krenshaw Company reported total sales revenue of $80,000,total expenses of $72,000,and net income of $8,000 for the year ended December 31,2009.During 2009,accounts receivable increased by $3,000,merchandise inventory decreased by $2,000,accounts payable increased by $1,000,and $5,000 in depreciation expense was recorded.Assuming no other adjustments to net income are needed,the net cash inflow from operating activities using the indirect method was:
A) $19,000
B) $13,000
C) $10,000
D) $11,000
Correct Answer:

Verified
Correct Answer:
Verified
Q19: When net income is high relative to
Q20: _ activities relate to the normal operations
Q21: Krenzer,Inc.,a financial company,reported income tax expense of
Q22: When preparing the statement of cash flows
Q23: Discuss the correlations that have been found
Q25: A cash inflow from financing activities includes: <br>A)
Q26: Which of the following would not be
Q27: Luke Corporation is a manufacturer of home
Q28: Which of the following statements is true?<br>A)
Q29: Plano Corporation presented the following account