Depreciation for the year was $80,000 and net income was $323,000.Assume the rest of the company's transactions were cash transactions.How much was net cash from operating activities?
A) $243,000
B) $403,000
C) $323,000
D) None of these answers are correct.

Question

Quizplus · Accepted Answer

Net cash from operating activities can be calculated using the formula: 
Net cash from operating activities = Net income + Depreciation 
Substituting the given values, we get: 
Net cash from operating activities = $323,000 + $80,000 
Net cash from operating activities = $403,000 
Therefore, the correct choice is B.

Depreciation for the Year Was $80,000 and Net Income Was