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Kela Corporation reports net income of $470,000 that includes depreciation expense of $78,000. Also, cash of $43,000 was borrowed on a 5-year note payable.
Kela Corporation reports net income of $470,000 that includes depreciation expense of $78,000. Also, cash of $43,000 was borrowed on a 5-year note payable. Based on this data, total cash inflows from operating activities are: Multiple Choice $591,000. $513,000. $392,000. $548,000.
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
