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29 March, 16:00

Kela Corporation reports net income of $470,000 that includes depreciation expense of $83,000. Also, cash of $44,000 was borrowed on a 6-year note payable. Based on this data, total cash inflows from operating activities are: Multiple Choice $514,000. $553,000. $597,000. $387,000.

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  1. 29 March, 16:07
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    The Total cash inflows from operating activities are $553,000

    Explanation:

    According to the given data, the Statement of Cash Flow from Operating Activities would be as follows:

    Statement of Cash Flow from Operating Activities

    Particulars Amount Total Amount

    Income $470,000

    Depreciation $83,000

    Cash flow from operating activities $553,000

    The cash of $44,000 was borrowed on a 6-year note payable. It is Financing Activity since note is long term

    Therefore, total cash inflows from operating activities are $553,000
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Home » Business » Kela Corporation reports net income of $470,000 that includes depreciation expense of $83,000. Also, cash of $44,000 was borrowed on a 6-year note payable.
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