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The Net Cash Provided by Operating Activities in Otto Company's

Question 16

Multiple Choice

The net cash provided by operating activities in Otto Company's statement of cash flows for 2008 was $115,000. For 2008, depreciation on plant assets was $45,000, amortization of patent was $8,000, and cash dividends paid on common stock was $54,000. Based only on the information given above, Otto's net income for 2008 was


A) $115,000.
B) $62,000.
C) $8,000.
D) $116,000.

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