Allen Company Reported Total Sales Revenue of $150,000 and Total

question 73

Multiple Choice

Allen Company reported total sales revenue of $150,000 and total expenses of $152,000 for the year ended December 31,20D.During 20D,trade receivables decreased by $1,000,trade payables increased by $5,000,wages payable increased by $3,000,and $18,000 in depreciation expense was recorded.Assuming no other adjustments are needed,what was the "net cash flow from operating activities" for 20D (parentheses indicate net cash outflow) ?

• A)($1,000).
• B)$23,000.
• C)$25,000.
• D)$29,000.

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Definitions:

Monthly Loan Payment

A fixed payment amount made by a borrower to a lender at a specified date each calendar month.

Facility

A physical or virtual space configured to serve a specific purpose, such as manufacturing, storage, or office work.

Present Value

The current value of a future sum of money or stream of cash flows, given a specific rate of return.

Discount Rate

During discounted cash flow analysis, this is the rate employed to determine the present value of anticipated future cash flows.