Crane Company reported net income of $470000 for the year ended 12/31/21. Included in the computation of net income were: depreciation expense, $59000; amortization of a patent, $31000; income from an investment in common stock of Blossom Company, accounted for under the equity method, $47000; and amortization of a bond discount, $11000. Crane also paid an $79000 dividend during the year. The net cash provided by operating activities would be reported at $335000. $445000. $414000. $524000.
Crane Company reported net income of $470000 for the year ended 12/31/21. Included in the computation of net income were: depreciation expense, $59000; amortization of a patent, $31000; income from an investment in common stock of Blossom Company, accounted for under the equity method, $47000; and amortization of a bond discount, $11000. Crane also paid an $79000 dividend during the year. The net cash provided by operating activities would be reported at $335000. $445000. $414000. $524000.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 37E: During 20X1, Craig Company had the following transactions: a. Purchased 300,000 of 10-year bonds...
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Crane Company reported net income of $470000 for the year ended 12/31/21. Included in the computation of net income were: depreciation expense, $59000; amortization of a patent, $31000; income from an investment in common stock of Blossom Company, accounted for under the equity method, $47000; and amortization of a bond discount, $11000. Crane also paid an $79000 dividend during the year. The net cash provided by operating activities would be reported at
$335000.
$445000.
$414000.
$524000.
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