Hendrickson Corporation

timer Asked: Dec 1st, 2015
account_balance_wallet $5

Question Description

BE23-10 Hendrickson Corporation reported net income of $50,000 in 2014. 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.

Tutor Answer

School: Boston College

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Hendrickson Corporation
For the Year 2014
Cash from Operating Activities 
Net Income   50,000.00
Depreciation   17,000.00
Increase in Accounts Recievable   (11,000.00)
Increase in Inventory   (7,400.00)
Increase in Accounts Payable   12,300.00
Net cash from operating activities  $  60,900.00

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