Exhibit 21-2 In 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 cash 2,000 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
C
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