During 20b bogus corporation reported net income of 10000., Ask an Expert

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During 20B, Bogus Corporation reported net income of $10,000. During the year, depreciation expense was $5,000, accounts payable increased $2,000 and accounts receivable increased $4,000. Therefore, based upon this information, the "cash inflow from operating activities" was

A) $21,000.

B) $20,000.

C) $16,000.

D) $13,000.

E) None of the above is correct.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972751

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