Question

Kela Corporation reports net income of $530,000 that includes depreciation expense of $80,000. Also, cash of...

Kela Corporation reports net income of $530,000 that includes depreciation expense of $80,000. Also, cash of $55,000 was borrowed on a 4-year note payable .Based on this data, total cash inflows from operating activities are:

$585,000

$450,000

$665,000

$610,000

Homework Answers

Answer #1
Net Income $                  530,000
Add:Depreciation expenses $                    80,000
Cash Inflow from Operating Activities $                  610,000
Note:The Cash boorowed from issuing a Lon-Term Notes Payable is shown as a cash Inflow from Financing activities
So Option D is answer
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