The net income for the year ended December 31, 2013, for Oliva Company was $1,500,000. Additional information is as follows:

Depreciation on plant assets $600,000

Amortization of leasehold improvements 340,000

Provision for doubtful accounts on short-term receivables 120,000

Interest paid on short-term borrowings 100,000

Based solely on the information given above, what should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2013?

	a.	$2,640,000.
	b.	$2,660,000.
	c.	$2,800,000.
	d.	$2,560,000.

The following facts apply to Oehler Company for the year 2012:

Plan assets, 1/1/12........................................................................... $450,000

Projected benefit obligation, 1/1/12.................................................... 450,000

Annual service cost for 2012................................................................. 27,000

Settlement rate for 2012............................................................................. 7%

Actual return on plan assets for 2012.................................................... 30,000

Contributions (funding) in 2012............................................................. 32,000

Benefits paid to retirees in 2012............................................................ 17,000

The balance of pension asset/liability to be reported end of 2012 is

	a.	5,000
	b.	2,500
	c.	3,500
	d.	6,500

Link Co. purchased machinery that cost $1,350,000 on January 4, 2011. The entire cost was recorded as an expense. The machinery has a nine-year life and a $90,000 residual value. The error was discovered on December 20, 2012. Ignore income tax considerations.

Before the correction was made, and before the books were closed on December 31, 2012, retained earnings was understated by

	a.	$1,210,000.
	b.	$1,250,000.
	c.	$930,000.
	d.	$1,070,000.