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Matlock Company Reported Total Sales Revenue of $55,000 and Total

Question 27

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) $10,000.
B) $18,000.
C) $19,000.
D) $30,000.

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