Question 31

The net income for Howie Doohan Corporation was $600 million for the year ended December 31, 2021. Related information follows: Sale of common stock for cash, $50 million. Amortization of trademark, $18 million. Cash dividends paid, $60 million. Decrease in salaries payable, $18 million. Depreciation expense, $72 million. Increase in accounts payable, $50 million. Increase in bonds payable, $58 million. Net cash flows from operating activities during 2021 should be reported as: A) $694 million. B) $722 million. C) $622 million. D) $732 million