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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
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