单选题
Kimberwick Technologies reports the following information as of December 3l,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 from investing | - 5000 |
【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.