Question
The following information is taken from the income statement of Olympic, Inc.: Depreciation Expense $ 90,000 Amortization Expense 15,000 Loss on Sale of Equipment 9,000
The following information is taken from the income statement of Olympic, Inc.:
Depreciation Expense $ 90,000 Amortization Expense 15,000 Loss on Sale of Equipment 9,000 Gain on Sale of Building 27,000 Net Income 315,000 ________________________________________
Based on this information, what is the amount of net cash flow provided by operating activities? Multiple Choice $447,000 $420,000 $438,000 $402,000
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Accounting And Finance An Introduction
Authors: Eddie McLaney, Peter Atrill
10th Edition
1292312262, 978-1292312262
