In Its Most Recent Financial Year the Michelbook Country Club

Multiple Choice

In its most recent financial year the Michelbook Country Club reported that Accounts payable increased $13 000; inventory decreased $9000; profit was $22,000 and depreciation expense was $5000.On the statement of cash flows,net cash flow from operating activities is: Use the indirect approach

A) $5000
B) $23 000
C) $31 000
D) $49 000