Assume a Company Reported Net Income of $53,000, Loss on the Sale

Multiple Choice

Assume a company reported net income of $53,000, loss on the sale of equipment of $10,000, and gain on sale of investments of $21,000.If there were no other adjustments to reconcile net income to cash from operating activities, the cash inflow from operating activities must have been:

A) $42,000
B) $63,000
C) $84,000
D) $32,000