Hendrickson Corporation reported net income of $50,000 in 2015. Depreciation expense was $17,000. The following working capital
Question:
Hendrickson Corporation reported net income of $50,000 in 2015. Depreciation expense was
$17,000. The following working capital accounts changed.
Compute net cash provided by operating activities.
Transcribed Image Text:
Accounts receivable Non-trading equity investment Inventory Non-trade notes payable Accounts payable $11,000 increase 16,000 increase 7,400 increase 15,000 decrease 12,300 increase
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Related Book For
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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