Cashman Company reported net cash provided by operating activities of $668,000 for the year ended 12/31/18....

 

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Cashman Company reported net cash provided by operating activities of $668,000 for the year ended 12/31/18. Included in the computation of net income were: depreciation expense, $90,000; amortization of a patent, $48.000. Cashman also paid a $120,000 dividend during the year. Increase in accounts payable was 20,000. The net income would be reported at (10 points) Cashman Company reported net cash provided by operating activities of $668,000 for the year ended 12/31/18. Included in the computation of net income were: depreciation expense, $90,000; amortization of a patent, $48.000. Cashman also paid a $120,000 dividend during the year. Increase in accounts payable was 20,000. The net income would be reported at (10 points)

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