Tracy Company Reports the Following in Its Statement of Cash

question 74

Multiple Choice

Tracy Company reports the following in its statement of cash flows:
$\begin{array}{lr}\text { Net income } & \$ 1,000 \\\text { Depreciation and amortization } & 350 \\\text { Decrease (Increase) in accounts receivable } & (10) \\\text { Decrease (Increase) in inventory } & 200 \\\text { Decrease (Increase) in prepaid expenses } & 80 \\\text { Increase (Decrease) in trade payables } & (300) \\\text { Increase (Decrease) in taxes payable } & 75 \\\text { Cash flow from operations } & \$ 1.395\end{array}$

-If Tracy shows depreciation expense of $275 in its income statement, cash paid for amortization is:

• A)$0
• B)$75
• C)$525
• D)not determinable

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