Hendrickson Corporation reported net income of $50,000 in 2022. Depreciation expense was $17,000. The following working capital
Question:
Hendrickson Corporation reported net income of $50,000 in 2022. Depreciation expense was $17,000. The following working capital accounts changed.
Accounts receivable ................................................... $11,000 increase
Non-trading equity investment .................................. 16,000 increase
Inventory .......................................................................... 7,400 increase
Non-trade notes payable ............................................. 15,000 decrease
Accounts payable ........................................................... 12,300 increase
Compute net cash provided by operating activities.
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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