Chapter 13 discharges are granted to debtors before their plans of payment begin

Travis Company reported net income for 20B of $20,000, depreciation expense of $6,000, and amortization expense (patent) of $5,000. Also, accounts payable increased by $7,000 and inventory decreased by $2,000. The amount of "cash flows from operating activities" for 20B was

A. $34,000. B. $35,000. C. $36,000. D. $40,000.

Present value lets us compare dollar values from different time periods

Indicate whether this statement is true or false.