In 20X6, PMW Corporation borrowed $110,000, paid dividends of $34,000, issued 10,000 shares for $45 per share,

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In 20X6, PMW Corporation borrowed $110,000, paid dividends of $34,000, issued 10,000 shares for $45 per share, purchased land for $240,000, and received dividends of $10,000. Net income was $150,000, and depreciation for the year totaled $8,000.

How much should be reported as net cash provided by operating activities by the indirect method?

a. $194,000

c. $234,000

b. $158,000

d. $134,000

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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Question Posted: Jul 26, 2024 07:00 AM

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In 20X6, PMW Corporation borrowed $110,000, paid dividends of $34,000, issued 10,000 shares for $45 per share,

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Financial Accounting International Financial Reporting Standards

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