Solved

The Following Information Is Taken from the Income Statement of Olympic,Inc

Question 190

Multiple Choice

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\begin{array}{lr}\text { Depreciation Expense } & \$ 90,000 \\\text { Amortization Expense } & 15,000 \\\text { Loss on Sale of Equipment } & 9,000 \\\text { Gain on Sale of Building } & 27,000\\\text { Net Income }&315,000\end{array} Based on this information,what is the amount of net cash flow provided by operating activities?


A) $447,000
B) $420,000
C) $438,000
D) $402,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents