Tasbet Company reported net income of $340,000 for the current year. Included in the computation of net income were:
Depreciation expense
$60,000
Amortization of a patent
32,000
Income from an equity-method investment
48,000
Amortization of a bond discount
12,000
Paid a dividend on preferred stock
80,000
What is the amount of net cash provided by operating activities that would be reported as a result of these transactions?
A) $420,000
B) $396,000
C) $372,000
D) $316,000
Answer: B
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