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Elena-2011 [213]
2 years ago
10

Kela Corporation reports net income of $450,000 that includes depreciation expense of $70,000. Also, cash of $50,000 was borrowe

d on a 5-year note payable. Based on this data, total cash inflows from operating activities are:
Business
1 answer:
zhannawk [14.2K]2 years ago
8 0

Answer:

$520,000

Explanation:

Kela corporation reports a net income of $450,000

The depreciation is $70,000

A cash of $50,000 was borrowed on a 5-year note payable

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

= Net income+depreciation

= $450,000+$70,000

= $520,000

Hence the total cash inflow from operating activities is $520,000

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