Solved

WT Company Reported Sales Revenue of $100,000 and Total Expenses

Question 20

Multiple Choice

WT Company reported sales revenue of $100,000 and total expenses of $90,000 (including depreciation) for the year ended December 31,20A.During 20A,trade receivables decreased by $4,000,merchandise inventory increased by $3,000,trade payables increased by $2,000,and depreciation expense of $6,000 was recorded.Assuming no other data are needed,what was the net cash inflow from operating activities for 20A?


A) $19,000.
B) $20,000.
C) $21,000.
D) $24,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions