Solved: Chicken parmesan reported net income of 50000 in 2016, Accounting Basics

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Chicken parmesan reported net income of 50000 in 2016

Problem

Chicken Parmesan reported net income of $50,000 in 2016. 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 Long-Term Note Payable $15,000 decrease

Accounts Payable $12,300 increase

Compute net cash provided by operating activities.

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Accounting Basics: Chicken parmesan reported net income of 50000 in 2016

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Accounting Basics: Chicken parmesan reported net income of 50000 in 2016

Reference No:- TGS02581733

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