Matlock Company reported total sales revenue of $55,000 and total expenses amounting to $45,000 (ie, profit of $10,000) on its income statement for the year ended December 31, 20X2 During 20X2, trade receivables decreased by $4,000, merchandise inventory decreased by $6,000, trade payables increased by $2,000 and depreciation of $8,000 was recorded. Therefore, based only on this information, the net cash flow from operating activities for 20X2 would be which of the following:

A) $10,000 

B) $18,000 

C) $19,000 

D) $30,000 

E) None of the above is correct.

Answer rating: 100% (QA)

Matlock Company Net cash flows from Operating activity Particulars Net income for the period 20B 1... View the full answer