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

question 25

Multiple Choice

At the end of the first year of operations,Meacham's balance sheet showed the following account balances: 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