The Net Cash Provided by Operating Activities in Otto Company's

Multiple Choice

The net cash provided by operating activities in Otto Company's statement of cash flows for 2008 was $115,000. For 2008, depreciation on plant assets was $45,000, amortization of patent was $8,000, and cash dividends paid on common stock was $54,000. Based only on the information given above, Otto's net income for 2008 was

A) $115,000.
B) $62,000.
C) $8,000.
D) $116,000.