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What was u inc net cash flow from operating activities

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Reference no: EM132523207

An analyst compiled the following information for U, Inc. for the year ended December 31, 2011:

  • Net income was $1,700,000.
  • Depreciation expense was $400,000.
  • Interest paid was $200,000.
  • Income taxes paid were $100,000.
  • Common stock was sold for $200,000.
  • Preferred stock (eight percent annual dividend) was sold at par value of $250,000.
  • Common stock dividends of $50,000 were paid.
  • Preferred stock dividends of $20,000 were paid.
  • Equipment with a book value of $100,000 was sold for $170,000.

Question 1: Using the indirect method, what was U Inc.'s net cash flow from operating activities for the year ended December 31, 2011?

A) $2,000,000.

B) $2,080,000.

C) $2,100,000.

D) $2,030,000.

Reference no: EM132523207

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