A Company reported net income of $200,000 during 2010.The company reported depreciation expense of $35,000,patent amortization of $10,000 and a $5,000 loss on the sale of equipment.Based on the information provided,how much is the company's cash flow from operating activities?
A)$245,000
B)$250,000
C)$240,000
D)$235,000

Question

Quizplus · Accepted Answer

Cash flow from operating activities ($250,000) = Net income ($200,000) + Depreciation expense ($35,000) + Patent amortization ($10,000) + Loss on equipment sale ($5,000)

A Company Reported Net Income of $200,000 During 2010