Jackson Company gathered the following data to prepare its 20X7 statement of cash flows: Profit...
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Accounting
Jackson Company gathered the following data to prepare its 20X7 statement of cash flows:
Profit $40,000
Depreciation expense 5,000
Trade receivables decrease 3,000
Wages payable increase 4,000
Amortization of patent 1,000
Income tax payable decrease 2,000
Based only on the above data, the net cash inflow from operating activities during 20X7 was which of the following?
A - $51,000.
B - $53,000.
C - $45,000.
D - $43,000.
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