The net income for Cypress Inc. was $3,000,000 for the year ended December 31. Additional information is as follows: Depreciation on fixed assets $ 15,00,000
Gain from cash sale of land 2,00,000
Increase in accounts payable 3,00,000
Dividends paid on preferred stock 4,00,000
The net cash provided by operating activities in the statement of cash flows for the year ended December 31 should be
a. $4,200,000.
b. $4,500,000.
c. $4,600,000.
d. $4,800,000.

1. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in ease of 2. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in external liability for business 3. a partnership is an association of two or more persons to carry on as co-owners a business for 4. any one partner may be held liable for the entire indebtedness of the 5. a limited partner is liable for the partnership debt only to the extent of her capital 6. a person may be a partner even though he has no authority to conduct the ordinary activities of the 7. a partner may withdraw his capital contribution without the consent of all the 8. when a partner sells his interest in the partnership, the buyer becomes a new 9.every partner owes a duty of good faith, fairness, and loyalty to the other 10. a partner who fails to use ordinary care and skill in discharging assigned duties will be personally liable to the partners for any resulting loss.