Winn Company's 20X2 income statement reported total revenues, $110,000, and total expenses (including $10,000 depreciation) , $70,000 . The 20X2 balance sheet reported the following: trade receivables--beginning balance, $16,000 and ending balance, $14,000; wages payable--beginning balance, $2,000 and ending balance, $1,500. Therefore, based only on this information, the 20X2 net cash inflow from operating activities was which of the following?
A) $48,500.
B) $50,000.
C) $51,500.
D) $59,500.
Correct Answer:
Verified
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