Amortization of intangible assets/Management Information Sys
During the year, samuels 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 povided by operating activities is what amount?
a. $300,000
b. $518,000
c. $478,000
d. $498,000
