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You are given the following information on Amzoil Company: 2013 2012 Cash 16,000 24,000 Accounts Receivable 10,000 15,000 Accounts Payable 14,000 12,000 Prepaid Expenses 20.000
You are given the following information on Amzoil Company: 2013 2012 Cash 16,000 24,000 Accounts Receivable 10,000 15,000 Accounts Payable 14,000 12,000 Prepaid Expenses 20.000 12.000 Inventory 12,000 10,000 Accrued Liabilities 11,000 12,000 If net income was $40,000 and depreciation expense was $10,000, calculate the cash flow from operating activities using the indirect method. Select one: A. (94000) B. $16,000 C. $6.000 D. $4.000
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