In 2019, Quintin Corp What Is the Amount of Net Cash Flows from Operations

question 55

Multiple Choice

In 2019, Quintin Corp. reported net income of $254,000. Other transactions included: $$\begin{array} { | l | r | } \hline \text { Depreciation expense } & \$ 50,000 \\\hline \text { Amortization of a bond premium } & 9,500 \\\hline \text { Income from an equity-method investment } & 36,000 \\\hline \text { Dividends received from equity-method investment } &0 \\\hline \text { Purchase of treasury shares } &125,000 \\\hline \text { Paid a dividend on preferred stock } & 60,000\\\hline\end{array}$$
What is the amount of net cash flows from operations?

• A) $254,000
• B) $258,500
• C) $158,500
• D) $249,500

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