Carpet World Inc If Carpet World Uses the Indirect Method to Prepare the \begin{array}

question 83

Multiple Choice

Carpet World Inc.reported the following information for 2016 and 2017. $\begin{array} { r r } &\underline { \mathbf { 2 0 1 6 } } & \underline { \mathbf { 2 0 1 7 } } \\ \text {Accounts receivable }&\$ 51,000 & \$ 57,000 \\\text {Inventories }& 42,000 & 39,000 \\\text { Accounts payable}& 43,000 & 48,000 \\\text { Net income}& & 60,000 \\\text { Depreciation expense}& & 8,000 \end{array}$ If Carpet World uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2017?

• A) $64,000
• B) $66,000
• C) $68,000
• D) $70,000