At the End of the First Year of Operations, Meacham's

question 5

Multiple Choice

At the end of the first year of operations, Meacham's balance sheet showed the following: Accounts Receivable, $13,400; Inventory, $9,400; and Accounts Payable, $14,650. The company's income statement reports net income of $37,400, including depreciation expense of $10,400. Using only the given information, compute Meacham's net cash flow from operating activities using the indirect method.

• A) $65,250.
• B) $39,650.
• C) $24,350.
• D) $26,650.

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