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Kela Corporation Reports Net Income of $450,000 That Includes Depreciation

Question 88

Multiple Choice

Kela Corporation reports net income of $450,000 that includes depreciation expense of $70,000.Also,cash of $50,000 was borrowed on a 5-year note payable.Based on this data,total cash inflows from operating activities are:


A) $380,000.
B) $470,000.
C) $520,000.

Correct Answer:

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