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Question 4 The comparative statement of financial position for Hamilton Corporation shows the following non-cash current asset and liability accounts as at March 31: 2020
Question 4 The comparative statement of financial position for Hamilton Corporation shows the following non-cash current asset and liability accounts as at March 31: 2020 Accounts receivable 2021 $60,000 $40,000 Inventory $75,000 $70,000 Accounts Payable Dividends Payable $35,000 $40,000 $1,000 $2,000 Hamilton's statement of income reported the following selected information for the year ended March 31, 2021: Net income was $275,000, depreciation expense was $60,000 and a loss on disposal of land was $15,000. Hamilton uses a perpetual inventory system. Calculate the net cash provided used by operating activities using the indirect method
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