Reference no: EM132559242
Question - The following information is provided for Bothell Inc. for the year of 2019:
Net income was $3,400,000.
Depreciation expense was $800,000.
Interest paid was $400,000.
Income taxes paid were $200,000.
Common stock was sold for $400,000.
Preferred stock (6% annual dividend) was sold at par value of $500,000.
Common stock dividends of $100,000 were paid.
Preferred stock dividends of $30,000 were paid.
Equipment with a book value of $400,000 was sold for $200,000.
Following the indirect method, what was Bothell Inc.'s net cash flow from operating activities for the year of 2019?
a. $4,200,000.
b. $4,000,000.
c. $4,160,000.
d. $4,400,000.
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