Multiple Choice
Kraco Corporation reported 2010 net income of $450,000,including the effects of depreciation expense of $60,000,and amortization expense on a patent of $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 using the indirect method for 2010 was:
A) $570,000
B) $520,000
C) $470,000
D) $440,000
Correct Answer:

Verified
Correct Answer:
Verified
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