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The Following Information Is Taken from the Income Statement of Olympic,Inc

Question 186

Multiple Choice

The following information is taken from the income statement of Olympic,Inc.:  Depreciation Expense $90,000 Amortization Expense 15,000 Loss on Sale of Equipment 9,000 Gain on Sale of Building 27,000 Net Income 315,000\begin{array}{lr}\text { Depreciation Expense } & \$ 90,000 \\\text { Amortization Expense } & 15,000 \\\text { Loss on Sale of Equipment } & 9,000 \\\text { Gain on Sale of Building } & 27,000\\\text { Net Income }&315,000\end{array} Based on this information,what is the amount of net cash flow provided by operating activities?


A) $447,000
B) $420,000
C) $438,000
D) $402,000

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