In 2017 quintin corp reported net income of 255000 other


Question - In 2017, Quintin Corp. reported net income of $255,000. Other transactions included:

Depreciation expense 45,000

Amortization of a bond premium 9,500

Income from an equity-method investment 36,000

Purchase of treasury shares 125,000

Paid a dividend on preferred stock 60,000

What is the amount of net cash flows from operations?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: In 2017 quintin corp reported net income of 255000 other
Reference No:- TGS02409526

Now Priced at $25 (50% Discount)

Recommended (94%)

Rated (4.6/5)