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The net income for Mountain Corporation was $4,000,000 for the year ended December 31, 2019. Additional information is as follows: Depreciation on fixed assets $2,000,000
The net income for Mountain Corporation was $4,000,000 for the year ended December 31, 2019. Additional information is as follows:
Depreciation on fixed assets | $2,000,000 |
Proceeds from sale of land | 200,000 |
Increase in accounts payable | 300,000 |
Dividends on preferred stock | 400,000 |
The net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2019, should be:
a.$6,000,000
b.$6,500,000
c.$6,100,000
d.$6,300,000
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