In Its Most Recent Financial Year Boomerang Ltd Reported That

Multiple Choice

In its most recent financial year Boomerang Ltd reported that accounts payable increased $8 000; inventory decreased $12 000; profit was $68 000 and depreciation expense was $4 000. Using the indirect approach, what is the net cash flow from operating activities that will be reported in the statement of cash flows?

A) $92 000
B) $88 000
C) $52 000
D) $44 000