Multiple Choice
Matlock Company reported total sales revenue of $55,000 and total expenses amounting to $45,000 on its income statement for the year ended December 31, 20B. During 20B, trade receivables decreased by $4,000, merchandise inventory decreased by $6,000, trade payables increased by $2,000 and depreciation of $8,000 was recorded. Therefore, based only on this information, the net cash flow from operating activities for 20B was which of the following?
A) $30,000.
B) $18,000.
C) $19,000.
D) $10,000.
Correct Answer:

Verified
Correct Answer:
Verified
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