The net income for the year ended December 31, 2011, for Tax Consultants INC. was $720,000. Additional information
is as follows: Capital expenditures $1,200,000 Depreciation on plant assets 450,000 Cash dividends paid on common stock 180,000 Increase in noncurrent deferred tax liability 45,000 Amortization of patents 21,000 Based on the information given above, what should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2011? a. $1,056,000. b. $1,146,000. c. $1,191,000. d. $1,236,000.
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