Presented Below Is the Operating Activities Section of the Statement

question 150

Multiple Choice

Presented below is the Operating Activities section of the statement of cash flows for Feline Friends Corp.for 2017: $$\begin{array}{l}\text { Operating activities: }\\\begin{array} { l r } \text { Cash collected from customers } & \$ 165,000 \\\text { Cash payments for merchandise } & ( 83,000 ) \\\text { Cash payments for operating expenses } & \underline { ( 58,000 ) } \\\text { Net cash inflow from operating activities } & \$ 24,000\end{array}\end{array}$$ Which method of preparing the Operating Activities section has Feline used?

• A)The direct method
• B)The indirect method
• C)Either method
• D)Cannot be determined without further information

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Sudden Infant Death Syndrome, an unexplained death, usually during sleep, of a seemingly healthy baby less than a year old.