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XDM Inc. is preparing the statement of cash flows for December 31, 20x2 and is usin the direct method. The following is a list of

XDM Inc. is preparing the statement of cash flows for
December 31, 20x2 and is usin the direct method. The
following is a list of cash inflows for the period:
$10,000 cash from merchandise sales
$25,000 cash form rental sales
$5,000 received on sale of machinery
Additionally, account receivable increased by $2,000.
What amount should be shown as cash inflows from
operating activities?
image text in transcribed
XDM Inc. is preparing the statement of cash flows for December 31, 20x2 and is usin the direct method. The following is a list of cash inflows for the period: . $10,000 cash from merchandise sales $25,000 cash form rental sales . $5,000 received on sale of machinery Additionally, account receivable increased by $2,000. What amount should be shown as cash inflows from operating activities? Select one: O a. $37,000 O b. $40,000 O c. $35,000 O d. $42,000

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