Question: Net cash flow from operating activities for 2013 for Spencer Corporation was $450,000. The following items are reported on the financial statements for 2013: Cash

Net cash flow from operating activities for 2013 for Spencer Corporation was $450,000. The following items are reported on the financial statements for 2013: Cash dividends paid on common stock: $20,000 Depreciation and amortization: $12,000 Increase in accounts receivables: $24,000

Based on the information above, Spencer's net income for 2013 was:

Question 6 options:

	$462,000
	$414,000
	$406,000
	$446,000

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