Carpet World Inc.reported the following information for 2015 and 2016. If Carpet World uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2016?
A)$64,000
B)$66,000
C)$68,000
D)$70,000

Question

Carpet World Inc.reported the following information for 2015 and 2016.  If Carpet World uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2016?
A)$64,000 
B)$66,000 
C)$68,000 
D)$70,000

Quizplus · Accepted Answer

The Answer of Carpet World Inc.reported the following information for 2015 and 2016.  If Carpet World uses the indirect method to prepare the operating activities section of the statement of cash flows, what amount will be reported as net cash inflow from operating activities for 2016?
A)$64,000 
B)$66,000 
C)$68,000 
D)$70,000