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Tasbet Company Reported Net Income of $400,000 for the Current

Question 103

Multiple Choice

Tasbet Company reported net income of $400,000 for the current year. Included in the computation of net income was:  Depreciation expense $70,000 Amortization of a patent 32,000 Income from an equity-method investment 35,000 Dividends received on equity-method investment 0 Amortization of a bond discount 15,000 Paid a dividend on preferred stock 80,000\begin{array} { | l | r | } \hline \text { Depreciation expense } & \$ 70,000 \\\hline \text { Amortization of a patent } & 32,000 \\\hline \text { Income from an equity-method investment } & 35,000 \\\hline \text { Dividends received on equity-method investment } &0 \\\hline \text { Amortization of a bond discount } &15,000\\\hline \text { Paid a dividend on preferred stock } & 80,000 \\\hline\end{array}
What is the amount of net cash provided by operating activities that would be reported as a result of these transactions?


A) $400,000
B) $482,000
C) $520,000
D) $537,000

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