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The net cash provided by operating activities in Sosa Company's statement of cash flows for 2015 was $155,000. For 2015, depreciation on plant assets was
The net cash provided by operating activities in Sosa Company's statement of cash flows for 2015 was $155,000. For 2015, depreciation on plant assets was $45,000, amortization of patent was $8,000, and cash dividends paid on common stock was $54,000. Based only on the information given above, Sosa s net income for 2015 was a. $155,000. b. $102,000. c. $8,000. d. $156,000
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