Exhibit 21-2In preparation for completing the statement of cash flows using the spreadsheet method, Williams Company provided the following information relating to patents for 2016:
Balance, 1/1/2016$4,800
Purchase of 10-year life patent for cash2,000
Sale of patent at book value(1,400)
Amortization of patents (290)
Balance, 12/31/2016$5,110
?
Refer to Exhibit 21-2. The Cash Flows from Operating Activities section prepared using the indirect method would include which of the following deductions or add-back amounts related to patents?
A. $(310)
B. $(290)
C. $ 290
D. $ 600
Answer: C
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