Travis Company Reported a Profit for 20B of $20,000, Building

question 86

Multiple Choice

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) $40,000.
• B) $36,000.
• C) $34,000.
• D) $35,000.

---

Definitions:

Charter

A legal document that establishes an organization or municipality and outlines its rights, privileges, and obligations.

Private Businesses

Companies or enterprises that are owned, controlled, and operated by private individuals or entities, not by the government or public sector.

Dress Code

Regulations and policies specifying the required attire for a certain environment or event.

House of Commons

The lower house of the Parliament of the United Kingdom, comprising Members of Parliament who are elected to represent constituencies.