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Calculate the Waterway net income

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Question - The net cash provided by operating activities in Waterway Industries's statement of cash flows for 2018 was $306000. For 2018, depreciation on plant assets was $90200, amortization of patent was $16300, and cash dividends paid on common stock was $108800. Based only on the information given above, calculate the Waterway's net income for 2018?

a) $306000.

b) $199500.

c) $16300.

d) $308300.

Reference no: EM132592349

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