Answer:
Net Cash flow from operating $55,000
Explanation:
<em>To determine the net cash flow from operating activities. We will adjust the net income as follows; all decrease in assets and increase in liabilities are added and all increase in assets and decrease in liabilities are subtracted.</em>
                                 Amazing Industries  2018
Cash flow from operating activities
                                                       $
Net Income                                48,000
<em>Adjustments:</em>
less gain on sale of land                (4,000)
Add depreciation expense       7.000
increase in current asset           (1,000)           i,e  <em>(49,000 -48,000)</em>
Increase in current liabilities       <u>5000</u>         i.e  <em>(42,000 -37,000)</em>
Net Cash flow from operating      <u>55,000</u>
All decrease in assets and increase in liabilities are added. All increase in assets and decrease in liabilities are subtracte<u>d.</u>