During the Year,Samuels Company Reported Net Income of $300,000,including Amortization

question 46

Multiple Choice

During the year,Samuels Company reported net income of $300,000,including amortization of intangible assets of $66,000,depreciation of plant assets of $132,000,and amortization of premium on investment in bonds of $20,000.Applying the indirect method,cash provided by operating activities is what amount?

• A) $300,000
• B) $518,000
• C) $478,000
• D) $498,000

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