Corporate Finance Quiz
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FINANCIAL STATEMENTS AND CASH FLOWS
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The following is a partial Statement of Cash Flows for Phoenix Corp. (in thousands):
Net Income: $1,200
Cash Flow from Operations: $4,500
Adjustments to Reconcile Net Income to CFO:
Depreciation & Amortization: ?
Changes in Working Capital: ($200)
Gain on Sale of Assets: ($100)
Based on the partial statement of cash flows for Phoenix Corp., what was the company's depreciation and amortization expense?
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