Zook Incorporated, had net income for 2018 of $5,400,000. Additional information is as follows:
Amortization of patents
$ 45,000
Depreciation on plant assets 1,650,000
Long-term debt:
Bond premium amortization 65,000
Interest paid 900,000
Provision for doubtful accounts:
Current receivables 80,000
Long-term nontrade receivables 30,000
What should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2018, based solely on the above information?
a. $7,220,000.
b. $7,270,000.
c. $7,140,000.
d. $7,240,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Zook Incorporated, had net income for 2018 of $5,400,000. Additional information is as follows: Amortization of patents $ 45,000 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The following transactions are for Kingbird Company. 1. On December 3, Kingbird Company sold $473,800 of merchandise to Blossom Co., on account, terms 2/10, n/30. The cost of the merchandise sold was $320,000. 2. On December 8, Blossom Co.
Answers (1)
Are copywrites to government documents free
Answers (1)
How is a post from a social media influencer different than a comment from a regular consumer? The influencer is paid to post the product The post by the influencer may have been posted by the seller The post by the influencer is likely one-sided It
Answers (1)
Suppose a binding price floor on sparkling wine is proposed by the Health Minister of the country of Vinyardia. What will be the likely effect on the market for sparkling wine in Vinyardia?
Answers (1)
Nash Corporation owns machinery that cost $24,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $2,928 per year, resulting in a balance in accumulated depreciation of $10,248 at December 31, 2020.
Answers (1)
New Questions in Business
What is the type of loan obtained through credit card with extremely high rates of interest?
Answers (1)
This is a function of money in which any item - such as currency - that is widely accepted in the exchange of other goods or services.
Answers (1)
Describe how the mobile device has become a prominent way for companies to interact with their clients. In what ways do you see this evolving more over the next 5 years?
Answers (1)
Larance Detailing's cost formula for its materials and supplies is $2,230 per month plus $1 per vehicle. For the month of November, the company planned for activity of 75 vehicles, but the actual level of activity was 25 vehicles.
Answers (1)
In need of extra cash, Troy and Lily decide to withdraw $2 comma 100 from their traditional IRA. They are both 40 years old. They are in a 35 % marginal tax bracket. What will be the tax consequences of this withdrawal?
Answers (1)