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

Accounting

Hendrickson Corporation reported net income of $50,000 in 2012. 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.:- M9415714

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