Swifty Company reported net income of $481000 for the year ended 12/31/25. Included in the computation of net income were the following: depreciation expense, $59400; amortization of a patent, $32000; income from an investment in the common stock of Blue Inc., accounted for under the equity method, $ 48400; and amortization of bond discount, $12000. Swifty also paid an $81000 dividend during the year. The net cash provided by operating activities would be reported at (a) $455000 (b) 423000 (c)342000 (d. ) 536000

Swifty Company reported net income of $481000 for the year ended 12/31/25. Included in the computation of net income were the following: depreciation expense, $59400; amortization of a patent, $32000; income from an investment in the common stock of Blue Inc., accounted for under the equity method, $ 48400; and amortization of bond discount, $12000. Swifty also paid an $81000 dividend during the year. The net cash provided by operating activities would be reported at (a) $455000 (b) 423000 (c)342000 (d. ) 536000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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