Question

The following additional information is available from the financial statements of Hitchens Company:


Amortization Expense $ 18,000
Purchase of building for cash 135,000
Depreciation Expense 54,000
Increase in Accounts Receivable 15,000
Increase in Bonds Payable 250,000
Increase in Common Stock 60,000
Increase in Inventory 43,000
Decrease in Accounts Payable 68,000
Increase in Salaries and Wages Payable 25,000
Cash dividends paid 100,000
Net income 292,000

What is the net cash provided by operating activities?

A) $263,000

B) $285,000

C) $396,000

D) $368,000

Answer

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