Hendrickson Corporation

Anonymous
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

nicestmeg
School: Boston College

Thank you for the opportunity to help you with your question!

Hendrickson Corporation
For the Year 2014
Cash from Operating Activities 
Net Income   50,000.00
Adjustments:
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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Review

Anonymous
Thanks, good work

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