CHOOSE RIGHT ANSWER ONLY

ABC Inc's Statement of Income for the year 2023 showed total revenue of $110,000 and total expenses (including depreciation of $10,000) of $70,000 (i.e. profit of $40,000). The balance sheet as of 31/12 of the year 2023 indicated the following:

- trade receivables: initial balance of $16,000 and final balance of $14,000

- wages to be paid: initial balance of $2,000 and final balance of $1,500.

Therefore, based on this information alone, the 2023 net cash flow from operating activities, under the indirect method, was:

Question options:

48,500.

51,500.

none of the above

50,000.

59,500.

CHOOSE RIGHT ANSWER ONLY

Choose the best answer. The building accumulated amortization account has a positive variation of $5,000. The building's initial accumulated depreciation balance was $3,000. No disposal of fixed assets took place during the financial year: Question options:

Cash flow from operating activities under the indirect method increases by $2,000

Cash flow from operating activities under the indirect method increases by $5,000

Building accumulated depreciation ending balance is $2,000

Building accumulated depreciation ending balance is $5,000