Hendrickson Corporation

Accounting
Tutor: None Selected Time limit: 1 Day

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.
Dec 1st, 2015

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

Please let me know if you need any clarification. I'm always happy to answer your questions.
Dec 1st, 2015

Thank you very much

Dec 1st, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Dec 1st, 2015
...
Dec 1st, 2015
Mar 25th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer