Hendrickson Corporation reported net income of $50,000 in 2012. Depreciation expense was $17,000. The following working capital

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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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Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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