Question 15

Selected financial statement information and additional data for ABC Co. is presented below. December 31, 2016 December 31, 2015 21.000 63,800 789,600 504,000 Land Equipment Inventory Accounts receivable (net) 173,000 201,600 151,200 84,000 487,200 420,000 205,800 67,200 168,000 Share capital-ordinary Retained earnings Notes payable - Long-term Accounts payable Tax payable Accumulated depreciation 100,800 86,000 50,400 29,400 67,200 84,000 115,600 Additional data for 2016: 1. Net income was 215.200. 3. Land was sold at its original cost. 4. Dividends of 76,600 were paid. 5. Equipment was purchased for cash 6. Ordinary shares were issued to pay a 67,200 long-term note payable. What is ABC, Inc.'s net cash provided (used) by operating activities? A. 148,800 B. 281,600 C. 246,800 D. None of the above