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ABC Company reported net income of $340,000 for the year ended December 31, 2016. Included in the computation of net income were: depreciation expense $60,000;
ABC Company reported net income of $340,000 for the year ended December 31, 2016. Included in the computation of net income were: depreciation expense $60,000; amortization of a patent $32,000; income from an investment in ordinary shares of XYZ Inc., accounted for under the equity method $48,000; and amortization of a bond discount $12,000. ABC also paid $80,000 dividend during the year. The net cash provided by operating activities would be reported at: Select one: O a. $284.000. b. $396,000. c. $204,000 O d. $316,000
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