BC Company reported total sales revenue of $80,000 and total expenses of $72,000 (i.e., net income $8,000) for the year ended December 31, 20X. During 20X, accounts receivable increased by $3,000, merchandise inventory decreased by $2,000, accounts payable increased by $1,000, and $5,000 in depreciation expense was recorded. Assuming no other adjustments to net income are needed, the net cash inflow from operating activities was
A. $10,000.
B. $11,000.
C. $13,000.
D. $19,000.
Ans: C. $13,000.
Business
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What will be an ideal response?
Business