The Net Income Reported on the Income Statement for the Current

question 115

Multiple Choice

The net income reported on the income statement for the current year was $250,000.Depreciation recorded on fixed assets and amortization of patents for the year were $40,000,and $9,000,respectively.Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: ​
What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

• A) $271,000
• B) $279,000
• C) $327,000
• D) $256,000

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