Kela Corporation Reports Net Income of $450,000 That Includes Depreciation

question 77

Multiple Choice

Kela Corporation reports net income of $450,000 that includes depreciation expense of $70,000.Also,cash of $50,000 was borrowed on a 5-year note payable.Based on this data,total cash inflows from operating activities are:

• A)$380,000.
• B)$470,000.
• C)$520,000.
• D)$570,000.

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Definitions:

Semispinalis Thoracis

A muscle in the back that extends from the thoracic vertebrae to the base of the skull, helping in the extension and rotation of the spine.

Multifidus

A muscle located in the spine that stabilizes the vertebrae and assists with spinal movements.

Quadratus Lumborum

A deep muscle in the lower back that helps with the stabilization of the pelvis and the spine, as well as aiding in lateral movement of the torso.

Serratus Posterior

A muscle group consisting of the serratus posterior superior and inferior, which aid in the movements of the rib cage.