In 20X6, EMG Corporation borrowed $123,000, paid dividends of $35,300, issued 10,100 shares for $45 per share, purchased land for $251,000, and received dividends
In 20X6, EMG Corporation borrowed $123,000, paid dividends of $35,300, issued 10,100 shares for $45 per share, purchased land for $251,000, and received dividends of $28,000. Net income was $165,000, and depreciation for the year totaled $8,100. How much should be reported as net cash provided by operating activities by the indirect method? A. $173,100 B. $223,000 C. $210,400 O D. $156,900
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A 173100 EXPLANATION Using indirect method net cas...
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Authors: Robert Thornton Morrison, Robert Neilson Boyd
6th Edition
8120307208, 978-8120307209
