WT Company reported sales revenue of $100,000 and total expenses of $90,000 (including depreciation)for the year ended December 31,20A.During 20A,trade receivables decreased by $4,000,merchandise inventory increased by $3,000,trade payables increased by $2,000,and depreciation expense of $6,000 was recorded.Assuming no other data are needed,what was the net cash inflow from operating activities for 20A?
A)$19,000.
B)$20,000.
C)$21,000.
D)$24,000.

Question

Quizplus · Accepted Answer

Net income = $10,000Add: Depreciation expense = $6,000Less: Decrease in trade receivables = $4,000Add: Increase in merchandise inventory = $3,000Add: Increase in trade payables = $2,000Net cash inflow from operating activities = $19,000

WT Company Reported Sales Revenue of $100,000 and Total Expenses