Find what amount should be reported as net cash provided

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Blue Ocean Company reported net income of P 5,500,000 for the current year. Changes in certain accounts during the year are:

Investment in Blue Moon stock carried on the equity basis 360,000 increase

Accumulated depreciation for the year 110,000 increase

Unearned interest income 70,000 decrease

Premium on bonds payable 100,000 decrease

Deferred tax liability 130,000 increase

Problem 1: What amount should be reported as net cash provided by operating activities?

a. 5,100,000

b. 5,210,000

c. 5,200,000

d. 5,170,000

Reference no: EM132708867

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