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baherus [9]
3 years ago
13

Kela Corporation reports net income of $550,000 that includes depreciation expense of $76,000. Also, cash of $53,000 was borrowe

d on a 4-year note payable. Based on this data, total cash inflows from operating activities are:a) $603,000b) $679,000c) $626,000d) $474,000
Business
1 answer:
Bogdan [553]3 years ago
3 0

Answer:

$626,000

Explanation:

Kela corporation has a net income of $550,000

Depreciation expense is $76,000

Cash is $53,000

Therefore the total cash inflows from operating activities can be calculated as follows

=$550,000 + $76,000

$626,000

Hence the total cash inflow from operating activities is $626,000

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Tresset [83]
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3 0
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ryzh [129]

Answer:

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