单选题 Kimberwick Technologies reports the following information as of December 31,2007. In addition, the company reported $1000 in depreciation expense. If the change in the cash balance for the year was $12000 using the indirect method, the cash collections and cash flow from operations (CFO) using the direct method is closest to:

	Data
Net sales		50000
Cash flow from financing		-4250
Cash expenses		4250
Cash inputs		17000
Cash taxes		7000
Increase in receivables		500
Cash flow investing		-5000

Cash collections CFO ①A. $49500 $ 21250
②B. $49500 $ 22250
③C. $50000 $ 21250
A．① B．② C．③

【正确答案】 A

【答案解析】Cash collections=net sales-increase in receivables=$ 50000-$ 500=$ 49500. Since cash flow from operations and total cash flow are both the same under either the direct or indirect method, the easiest way to calculate CFO is total cash flow-cash flow from investing-cash flow from financing=$12000+5000+4250=$ 21250.