The Hamada Company sales for 2016 totaled $150,000 and purchases totaled $95,000.Selected January 1,2016,balances were: accounts receivable,$18,000;inventory,$14,000;and accounts payable,$12,000.December 31,2016,balances were: accounts receivable,$16,000;inventory,$15,000;and accounts payable,$13,000.Net cash flows from these activities were:
A) $45,000.
B) $55,000.
C) $58,000.
D) $74,000.
Correct Answer:
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