Winn Company's 20B Income Statement Reported Total Revenues,$110,000,and Total Expenses

question 60

Multiple Choice

Winn Company's 20B income statement reported total revenues,$110,000,and total expenses (including $10,000 depreciation) ,$70,000 .The 20B balance sheet reported the following: trade receivables--beginning balance,$16,000 and ending balance,$14,000; wages payable--beginning balance,$2,000 and ending balance,$1,500.Therefore,based only on this information,the 20B net cash inflow from operating activities was which of the following?

• A)$48,500.
• B)$50,000.
• C)$51,500.
• D)$59,500.

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Definitions:

Developmental Task

An achievement or milestone typical for a specific age or stage in development, considered essential for healthy growth.

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The right or condition of self-government, or in a more general sense, the capacity of an individual to make an informed, uncoerced decision.