Indirect method-cash provided by operating activities


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?

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Accounting Basics: Indirect method-cash provided by operating activities
Reference No:- TGS049742

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