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ABC Company reported total sales revenue of $80,000 and total expenses of $72,000 (i.e., profit of $8,000) for the year ended December 31, 20X. During
ABC Company reported total sales revenue of $80,000 and total expenses of $72,000 (i.e., profit of $8,000) for the year ended December 31, 20X. During 20X, trade receivables increased by $3,000, merchandise inventory decreased by $2,000, trade payables increased by $1,000, and $5,000 in depreciation expense was recorded. Assuming no other adjustments to profit are needed, what was the net cash inflow from operating activities? $13,000. $11,000. $19,000. $10,000.
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