October corporation reported net income of 46000 in 2012., Ask an Expert

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October Corporation reported net income of $46,000 in 2012. Depreciation expense was $17,000 and unrealized holding losses on temporary investments (FV-NI) were $3,000. The following accounts changed as indicated in 2012:

Accounts Receivable 11,000 increase
Investments in band at amortized cost 16,000 increase
Future Income Tax asset 2,000 decrease
Inventory 7,400 increase
Non-Trade Note Payable 15,000 decrease
Accounts payable 9,300 increase

Calculate the net cash provided by operating activities.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9435143

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