Hendrickson Corporation reported net income of $50,000 in 2019. Depreciation expense was $17,000. The following working capital

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Hendrickson Corporation reported net income of $50,000 in 2019. Depreciation expense was $17,000. The following working capital accounts changed.

Accounts receivable..........................................$11,000 increase

Non-trading equity investment.........................16,000 increase

Inventory................................................................7,400 increase

Non-trade note payable...................................15,000 decrease

Accounts payable...............................................12,300 increase

Compute net cash provided by operating activities.

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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