Net cash flows of the activities


The Hamada Company sales for 2011 totaled $150,000 and purchases totaled $95,000. Selected January 1, 2011, balances were: accounts receivable, $18,000; inventory, $14,000; and accounts payable, $12,000. December 31, 2011, balances were: accounts receivable, $16,000; inventory, $15,000; and accounts payable, $13,000. Net cash flows from these activities were:

A. $74,000.

B. $45,000.

C. $58,000.

D. $55,000.

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Accounting Basics: Net cash flows of the activities
Reference No:- TGS056822

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