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6. Baxon Company reported net income of 255,000 for the year ended 12/31/22. Included in the computation of net income were: depreciation expense, 45,000; amortization
6. Baxon Company reported net income of 255,000 for the year ended 12/31/22. Included in the computation of net income were: depreciation expense, 45,000; amortization of a patent, 24,000; income from an investment in ordinary shares of Belina Inc. accounted for under the equity method, 36,000; and amortization of a bond premium, 9,000. Baxon also paid a 60,000 dividend during the year. The net cash provided by operating activities would be reported at: A. 219,000. B. 171,000. C. 231,000. D. 279,000
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