Problem: Kela Corporation reported 2009 net income of $450,000 including the effects of depreciation expense, $60,000, and amortization expense on a patent, $10,000. Also, cash of $50,000 was borrowed on a 5-year note payable. Based on this data, total cash inflow from operating activities for 2009 was A) $440,000 B) $470,000 C) $520,000 D) $570,000 E) None of the above is correct.
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Kela Corporation reported 2009 net income of $450,000 including the effects of depreciation expense, $60,000, and amortization expense on a patent, $10,000. Also, cash of $50,000 was borrowed on a 5-year note payable. Based on this data, total cash inflow from operating activities for 2009 was
A) $440,000
B) $470,000
C) $520,000
D) $570,000
E) None of the above is correct.
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