In its 2017 annual report, Allen Company reports the following (in thousands):
If revenue growth is projected to be 5%, the 2018 forecasted depreciation expense to be added back on the statement of cash flows is:
A) $1,935 thousand
B) $2,147 thousand
C) $1,766 thousand
D) $2,065 thousand
E) None of the above

Question

In its 2017 annual report, Allen Company reports the following (in thousands):
 If revenue growth is projected to be 5%, the 2018 forecasted depreciation expense to be added back on the statement of cash flows is:
A) $1,935 thousand 
B) $2,147 thousand 
C) $1,766 thousand 
D) $2,065 thousand 
E) None of the above

Quizplus · Accepted Answer

The Answer of In its 2017 annual report, Allen Company reports the following (in thousands):
 If revenue growth is projected to be 5%, the 2018 forecasted depreciation expense to be added back on the statement of cash flows is:
A) $1,935 thousand 
B) $2,147 thousand 
C) $1,766 thousand 
D) $2,065 thousand 
E) None of the above

In Its 2017 Annual Report, Allen Company Reports the Following