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

Answer:

$590,100

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