EBITDA represents a simple proxy for cash flows from financing

The Simone Trust reported distributable net income of $120,000 for the current year. The trustee is required to distribute $60,000 to Kent and $90,000 to Lind each year. If the trustee distributes these amounts, what amount is includible in Lind's gross income?

A. $0 B. $60,000 C. $72,000 D. $90,000

To determine the cash flow from operating activities, certain adjustments must be made which include

A) Add back depreciation, amortization, and stock-based compensation expenses. B) Adjust for any changes in operating assets and liabilities. C) Add or subtract any changes in deferred income taxes. D) All of the above.