Solved: Dividends paid on common stock were 100000 in reeds 20x1, Accounting Basics

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Dividends paid on common stock were 100000 in reeds 20x1

eed Co.'s 20X1 Statement of Cash Flows reported cash provided from operating activities of $400,000. For 20X1, the depreciation of equipment was $190,000, the amortization of goodwill was $5,000, and dividends paid on common stock were $100,000. In Reed's 20X1 Statement of Cash Flows, what amount was reported as net income?

A. $105,000

B. $205,000

C. $305,000

D. $595,000

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Accounting Basics: Dividends paid on common stock were 100000 in reeds 20x1

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Accounting Basics: Dividends paid on common stock were 100000 in reeds 20x1

Reference No:- TGS02572143

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