Carpet World Inc If Carpet World Uses the Indirect Method to Prepare the \begin{array}{lrr}&2017&2018\\
\text

question 102

Multiple Choice

Carpet World Inc.reported the following information for 2017 and 2018: $\begin{array}{lrr}&2017&2018\\\text { Accounts receivable } & \$ 51,000 & \$ 57,000 \\\text { Inventories } & 42,000 & 39,000 \\\text { Accounts payable } & 43,000 & 48,000 \\\text { Net income } & & 60,000 \\\text { Depreciation expense } & & 8,000\end{array}$ 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 2018?

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

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Definitions:

Marketing Research

The systematic gathering, recording, and analysis of data about issues relating to marketing products and services.

Prospective Customers

People or organizations that might buy a product or service but haven't purchased anything so far.

Survey Method

A research technique that involves the collection of data from a pre-defined group of respondents by means of a questionnaire or interview to gather information and insights on various topics.

Valuable Data

Information that is highly useful or beneficial, particularly in making decisions or formulating strategies in business or research.