The working capital provided from operations in Seat’s Statement of Cash Flow for 20x2 was $8,000,000. For 20x2 depreciation on fixed assets was a $3,800,000, amortization of goodwill was $100,000, and dividends on common stock were $2,000,000. Based on the information given above, seat’s net income for 20x2 was............. a.  $ 2,100,000 b. $ 4,100,000 c.  $ 8,000,000 d. $ 11,900,000

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
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The working capital provided from operations in Seat’s Statement of Cash Flow for 20x2 was $8,000,000. For 20x2 depreciation on fixed assets was a $3,800,000, amortization of goodwill was $100,000, and dividends on common stock were $2,000,000. Based on the information given above, seat’s net income for 20x2 was.............
a.  $ 2,100,000
b. $ 4,100,000
c.  $ 8,000,000
d. $ 11,900,000
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