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What the net cash provided by operating activities

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Reference no: EM132892083

Problem - The net income for Mountain Corporation was $4,000,000 for the year ended December 31, 2019. Additional information is as follows:

Depreciation on fixed assets $2,000,000

Proceeds from sale of land 200,000

Increase in accounts payable 300,000

Dividends on preferred stock 400,000

Required - What the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2019?

Reference no: EM132892083

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