During the year samuels reported net income of 300000, Ask an Expert

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During the year, samuels reported net income of $300,000, including amortization of intangible assets of $66,000, depreciation of plant assets of $132,000, and amortization of premium on investment in bonds of $20,000. Applying the indirect method, cash povided by operating activities is what amount?

a. $300,000

b. $518,000

c. $478,000

d. $498,000

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Management Information System, Management Studies

Category:- Management Information System
Reference No.:- M9406036

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