Bruce Company reported net income for 2015 of $100,000.The company reported depreciation expense of $17,500 and amortization of $5,000.The company also reported a loss on the sale of equipment of $2,500.Based only on this information,the company would report cash flow from operating activities of
A)$117,500.
B)$120,000.
C)$127,500.
D)$125,000.

Question

Quizplus · Accepted Answer

$100,000 (net income)+ $17,500 (depreciation expense)+ $5,000 (amortization)+ $2,500 (loss)= $125,000

Bruce Company Reported Net Income for 2015 of $100,000