Question
Digman Co. had retained earnings of $400,000 and $50,000 in cash on January 1st.It made a net income of $300,000 in the year.Amortization expense was
Digman Co. had retained earnings of $400,000 and $50,000 in cash on January 1st.It made a net income of $300,000 in the year.Amortization expense was $250,000.Cash from operations was:
Select one:
a.$350,000
b.$250,000
c.$300,000
d.$50,000
e.$550,000
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
