Question
Marigold Corp., had net income for 2018 of $5360000. Additional information is as follows: Amortization of patents $44400 Depreciation on plant assets 1658000 Long-term debt:
Marigold Corp., had net income for 2018 of $5360000. Additional information is as follows:
Amortization of patents
$44400
Depreciation on plant assets
1658000
Long-term debt:
Bond premium amortization
64100
Interest paid
891000
Provision for doubtful accounts:
Current receivables
80000
Long-term nontrade receivables
31000
What should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2018, based solely on the above information?
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Louis Beaubien
8th Canadian Edition
134453735, 9780134824680, 134824687, 9780134733081 , 978-0134453736
