The following information pertains to Galisny Interions Golany interiors 2011 in

Question

The following information pertains to Galisny Interions Golany interiors 2011 inconne State" Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable Income Less: Taxes Net income $21 415 15,408 1511 3,396 S 2.114 252 1374 010 and 2011e Sneets 010 201 668 297 couts $1.6 153 Cash Accounts recevable 1,611 1,527 payabe Inventory Total Net fixed assets 300 10.65 300 7.000 5 6.122 54.721 Long term debi 12482 12102 Common stoo 523.616 521475 Total (ab&equity $23415 $21.7 Retained evnes Total assets E) $1,282 What is the amount of the noncash expenses for 2015? A) S2,351B) S1,611 C)s

Explanation / Answer

Answer is B.

Noncash Expenses = Depreciation
Noncash Expenses = $1,611

So, noncash expenses for 2015 is $1,611

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