Question

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 $1,500,000
Gain from cash sale of land 200,000
Increase in accounts payable 300,000
Dividends paid on preferred stock 400,000
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.

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Intermediate Accounting: Reporting And Analysis
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ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Intermediate Accounting: Reporting And Analysis
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