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In 2016, Mule Corporation borrowed $120.000, paid dividends of $28.000, issued 12.000 shares of stock for $65 per share, purchased land for $15.000, and received
In 2016, Mule Corporation borrowed $120.000, paid dividends of $28.000, issued 12.000 shares of stock for $65 per share, purchased land for $15.000, and received dividends of $10.000. Net income was $150,000, and depreciation for the year totaled $8,000. Accounts receivable increased by $11,000. How much should be reported as net cash provided by operating activities by the indirect method? A. $1.025.000 B. $158,000 C. $147,000 D. $140.000
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