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Problem - Alpha 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?
$420,000
$396,000
$372,000
$316,000
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