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The Following Information Is for Cleveland Company

question 69

Multiple Choice

The following information is for Cleveland Company:
Additional data for 2016:
(1) Sales on account for the period were $80,000.
(2) Operating expenses for the period were $52,000.
Based on this limited information,what was the net cash inflow from operations?
The following information is for Cleveland Company: Additional data for 2016: (1) Sales on account for the period were $80,000. (2) Operating expenses for the period were $52,000. Based on this limited information,what was the net cash inflow from operations?   A) $18,000. B) $22,000. C) $28,000. D) $34,000.

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