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Question 8 Not yet answered Marked out of ABC Company reported net income of $340,000 for the year ended December 31, 2016. Included in the
Question 8 Not yet answered Marked out of ABC Company reported net income of $340,000 for the year ended December 31, 2016. Included in the computation of net income were: depreciation expense $60,000, amortization of a patent $32,000; income from an investment in ordinary shares of XYZ Inc, accounted for under the equity method $48,000, and amortization of a bond discount $12,000. ABC also paid $80,000 dividend during the year. The net cash provided by operating activities would be reported at: 100 Tag question Select one: O a. 5284,000 O b. $204 000 c5316,000 d. $395,000
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