Question

Bramble Corp. reported net income of $522000 for the year ended 12/31/21. Included in the computation of net income were: depreciation expense, $90500; amortization of a patent, $48600; income from an investment in common stock of Blossom Company, accounted for under the equity method, $71100; and amortization of a bond premium, $17400. Bramble also paid a $122000 dividend during the year. The net cash provided by operating activities would be reported at

Answer 1

$590,100

Step-by-step explanation:

Bramble Corp.

Net cash provided by operating activities

Details Amount ($)

Net Income 522,000

Depreciation expense 90,500

Amortization of a patent 48.600

Income from investment (71,000)

Net cash provided by operating activities 590,100