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Du r ing t h e y e a r , S a mu e ls C omp a n y r e po r
During the year, Samuels Company reported net income of $300,000, including amortization of intangible assets of $66,000, depreciation of plant assets of $132,000, and amortization of premium on investment in bonds of $20,000. Applying the indirect method, cash provided by operating activities is what amount?
| a. | $300,000 |
| b. | $518,000 |
| c. | $478,000 |
| d. | $498,000 |
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