Hendrickson Corporation reported net income of $50,000 in 2014. Depreciation expense was $17,000. The following working capital
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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?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Intermediate Accounting 2014 FASB Update
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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