Matlock Company Reported Total Sales Revenue of $55,000 and Total

question 42

Multiple Choice

Matlock Company reported total sales revenue of $55,000 and total expenses amounting to $45,000 on its income statement for the year ended December 31, 20B. During 20B, trade receivables decreased by $4,000, merchandise inventory decreased by $6,000, trade payables increased by $2,000 and depreciation of $8,000 was recorded. Therefore, based only on this information, the net cash flow from operating activities for 20B was which of the following?

• A) $30,000.
• B) $18,000.
• C) $19,000.
• D) $10,000.

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Definitions:

Communication Message

The information or key point that is being conveyed from the sender to the receiver through various means.

Enthusiasm

A feeling of energetic interest in a particular subject or activity and an eagerness to be involved in it.

Interpreting

The process of translating spoken or signed language into another language.

Communication

The act of exchanging information or expressing ideas and feelings verbally or non-verbally.