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The Net Income for the Year Ended December 31, 2015

Question 7

Multiple Choice

The net income for the year ended December 31, 2015, for Tax Consultants INC. was $990,000. Additional information is as follows:  Capital expenditures $1,200,000 Depreciation on plant assets 450,000 Cash dividends paid on common stock 180,000 Increase in noncurrent deferred tax liability 45,000 Amortization of patents 21,000\begin{array}{lr}\text { Capital expenditures } & \$ 1,200,000 \\\text { Depreciation on plant assets } & 450,000 \\\text { Cash dividends paid on common stock } & 180,000 \\\text { Increase in noncurrent deferred tax liability } & 45,000 \\\text { Amortization of patents } & 21,000\end{array} Based 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, 2015?


A) $1,326,000.
B) $1,416,000.
C) $1,461,000.
D) $1,506,000.

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