Compute net cash provided by operating activities
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Hendrickson Corporation reported net income of $50,000 in 2010. 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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The solution computes net cash provided by operating activities.
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Cash from Operating Activities
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