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The net income for the year ended December 31, 2011, for Tax

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solution


Question

The net income for the year ended December 31, 2011, for Tax Consultants INC. was $720,000. Additional information is as follows;Capital expenditures $1,200,000;Depreciation on plant assets 450,000;Cash dividends paid on common stock 180,000;Increase in noncurrent deferred tax liability 45,000;Amortization of patents 21,000;Based on the information given above, what should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2011?;a. $1,056,000.;b. $1,146,000.;c. $1,191,000.;d. $1,236,000.

 

Paper#26756 | Written in 18-Jul-2015

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