Jackie Cafe reported net income of $840,000 for the year ended 12/31/18. Included in the...
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Jackie Cafe reported net income of $840,000 for the year ended 12/31/18. Included in the computation of net income were: depreciation expense, $60,000; amortization of a patent, $32,000; income from an investment in common stock of Hannah Inc., accounted for under the equity method, $42,000; and amortization of a bond discount, $12,000. Jackie Cafe also paid an $80,000 dividend during the year. The net cash provided by operating activities would be reported at a. $902,000 b. $816,000 c. $924,000. d. $896,000. Jackie Cafe reported net income of $840,000 for the year ended 12/31/18. Included in the computation of net income were: depreciation expense, $60,000; amortization of a patent, $32,000; income from an investment in common stock of Hannah Inc., accounted for under the equity method, $42,000; and amortization of a bond discount, $12,000. Jackie Cafe also paid an $80,000 dividend during the year. The net cash provided by operating activities would be reported at a. $902,000 b. $816,000 c. $924,000. d. $896,000
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