Business, 23.12.2021 03:50 KittyLoverCat
The net income for Cypress Inc. was $3,000,000 for the year ended December 31. Additional information is as follows:
Depreciation on fixed assets $ 15,00,000
Gain from cash sale of land 2,00,000
Increase in accounts payable 3,00,000
Dividends paid on preferred stock 4,00,000
The net cash provided by operating activities in the statement of cash flows for the year ended December 31 should be
a. $4,200,000.
b. $4,500,000.
c. $4,600,000.
d. $4,800,000.
Answers: 1
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The net income for Cypress Inc. was $3,000,000 for the year ended December 31. Additional informatio...
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