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Discuss what amount was reported as net income

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Reference no: EM131776632

eed Co.'s 20X1 Statement of Cash Flows reported cash provided from operating activities of $400,000. For 20X1, the depreciation of equipment was $190,000, the amortization of goodwill was $5,000, and dividends paid on common stock were $100,000. In Reed's 20X1 Statement of Cash Flows, what amount was reported as net income?

A. $105,000

B. $205,000

C. $305,000

D. $595,000

Reference no: EM131776632

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