Minear Company reported net income of $340,000 for the year ended 12\31\11.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 Brett Inc., accounted for under the equity method, $48,000; and amortization of a bond discount, $12,000.Minear also paid an $80,000 dividend during the year.The net cash provided by operating activities would be reported at:

Question

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To calculate net cash provided by operating activities, start with net income and adjust for non-cash expenses and changes in working capital. Add back non-cash expenses like depreciation ($60,000), amortization of a patent ($32,000), and amortization of a bond discount ($12,000). Subtract income from the equity method investment ($48,000) as it is non-cash. The dividend paid is not included in operating activities. Calculation: $340,000 + $60,000 + $32,000 + $12,000 - $48,000 = $396,000.

Minear Company Reported Net Income of $340,000 for the Year