An Analyst Compiled the Following Information for U Inc

question 69

Multiple Choice

An analyst compiled the following information for U Inc.for the year ended December 31,2016:
Net income was $1,700,000.
Depreciation expense was $400,000.
Interest paid was $200,000.
Income taxes paid were $100,000.
Common stock was sold for $200,000.
Preferred stock (8% annual dividend) was sold at par value of $250,000.
Common stock dividends of $50,000 were paid.
Preferred stock dividends of $20,000 were paid.
Equipment with a book value of $100,000 was sold for $200,000.
Using the indirect method,what was U Inc.'s net cash flow from operating activities for the year ended December 31,2016?

• A)$2,000,000.
• B)$2,030,000.
• C)$2,080,000.
• D)$2,100,000.

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Assess

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Methods

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