Cupcake Pastries, a dessert bistro, reported net income of $202,300 during 2020. Additional information taken...
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Accounting
Cupcake Pastries, a dessert bistro, reported net income of $202,300 during 2020. Additional information taken from its general ledger included: depreciation expense of $46,500; patent amortization of $15,750; and a $7,300 loss on the sale of an old oven. If Cupcake Pastries uses the indirect method for its Cash Flow Statment, how much is the company's net cash flow from operating activities?
Multiple Choice
$271,850.
$248,800.
$264,550.
$257,250.
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