Travis Company Reported a Profit for 20X2 of $20,000, Building

question 98

Multiple Choice

Travis Company reported a profit for 20X2 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 20X2?

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

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