Subject:AccountingPrice:2.87 Bought7
Edmund Corp. reported net income for calendar 2018 of $300,000. Additional information follows:
Depreciation on property, plant and equipment ..........$150,000
Bad debts expense..................................................... 55,000
Purchase of equipment............................................... 25,000
Interest paid on long-term bonds ................................15,000
Loss on sale of equipment..........................................85,000
Based on the above information, the cash provided by operating activities (indirect method) for calendar 2018 is
a) $565,000.
b) $590,000.
c) $605,000.
d) $630,000.
Purchased 7 times