The following information is available from the current period financial statements:

Net income $165,000
Depreciation expense 28,000
Increase in accounts receivable 16,000
Decrease in accounts payable 21,000

The net cash flow from operating activities using the indirect method is .
(A) $156,000
(B) $188,000
(C) $198,000
(D) $230,000

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?