Kraco Corporation reported net income of $450,000, including the effects of depreciation expense of $60,000, and amortization expense on a patent of $10,000. Also, cash of $50,000 was borrowed on a 5-year note payable. Based on this data, total cash inflow from operating activities using the indirect method was: O a. $520,000 O b. $470,000 O c. $440,000 O d. $570,000

Kraco Corporation reported net income of $450,000, including the effects of depreciation expense of $60,000, and amortization expense on a patent of $10,000. Also, cash of $50,000 was borrowed on a 5-year note payable. Based on this data, total cash inflow from operating activities using the indirect method was: O a. $520,000 O b. $470,000 O c. $440,000 O d. $570,000

Name: Kraco Corporation reported net income of $450,000, including the effe
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Description: Kraco Corporation reported net income of $450,000, including the effects of depreciation expense of $60,000, andamortization expense on a patent of $10,000. Also, cash of $50,000 was borrowed on a 5-year note payable. Basedon this data, total cash i

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 14M

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