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

question 88

Multiple Choice

The net cash provided by operating activities in Sosa Company's statement of cash flows for 2011 was $115,000.For 2011, depreciation on plant assets was $45,000, amortization of patent was $8,000, and cash dividends paid on ordinary shares was $54,000.Based only on the information given above, Sosa's net income for 2011 was

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

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