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.

Ans: D. $40,000.

Business

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When a fundamental right is being significantly burdened, which test is applied to

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