Snow Incorporated, had net income for 2008 of $5,000,000. Additional information is as follows:
What should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2008, based solely on the above information?
A) $6,820,000.
B) $6,870,000.
C) $6,740,000.
D) $6,840,000.

Question

Snow Incorporated, had net income for 2008 of $5,000,000. Additional information is as follows:
 What should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2008, based solely on the above information?
A) $6,820,000. 
B) $6,870,000. 
C) $6,740,000. 
D) $6,840,000.

Quizplus · Accepted Answer

$5,000,000 + $45,000 + $1,650,000 - $65,000 + $80,000 + $30,000 = $6,740,000.

Snow Incorporated, Had Net Income for 2008 of $5,000,000