Travis Company reported a profit for 20B of $20,000,building depreciation expense of $6,000,and amortization expense (patent) of $5,000.Also,trade payables increased by $7,000 and inventory decreased by $2,000.What was the amount of "cash flows from operating activities" for 20B?
A) $34,000.
B) $35,000.
C) $36,000.
D) $40,000.
Correct Answer:
Verified
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