Hendrickson corporation reported net income of 50000 in, Ask an Expert

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Hendrickson Corporation reported net income of $50,000 in 2010. Depreciation expense was $17,000. The following working capital accounts changed.

Accounts receivable $11,000 increase
Available-for-sale securities 16,000 increase
Inventory 7,400 increase
Nontrade note payable 15,000 decrease
Accounts payable 12,300 increase

Compute net cash provided by operating activities.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412877

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