Hendrickson Corporation reported net income of $50,000 in 2019. Depreciation expense was $17,000. The following working capital
Question:
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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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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