The 20X2 income statement of Dunn Company reported total sales revenue of $106,000 and total expenses of $108,000 . Expenses were: building depreciation, $10,000 and patent amortization, $5,000. There was an increase in inventory of $1,000. What was cash flow from operating activities during 20X2 (parentheses indicate outflow) ?
A) ($3,000) .
B) $7,000.
C) $12,000.
D) $14,000.
Correct Answer:
Verified
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