SANDHILL CORPORATION Statement of Cash Flows (Partial) Adjustments to reconcile net income to Save for Later Attempts: unlimited Submit Answer

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sandhill Corporation reported net income of $48,000 in 2025. Depreciation expense was $15,800. The following working capital
accounts changed.
Accounts receivable
Available-for-sale debt securities
Inventory
Nontrade note payable
Accounts payable
$11,800 increase
16,600 increase
7,800 increase
13,800 decrease
12,800 increase
Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis
eg. (15,000))
Transcribed Image Text:Sandhill Corporation reported net income of $48,000 in 2025. Depreciation expense was $15,800. The following working capital accounts changed. Accounts receivable Available-for-sale debt securities Inventory Nontrade note payable Accounts payable $11,800 increase 16,600 increase 7,800 increase 13,800 decrease 12,800 increase Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg. (15,000))
SANDHILL CORPORATION
Statement of Cash Flows (Partial)
Adjustments to reconcile net income to
Save for Later
Attempts: unlimited Submit Answer
Transcribed Image Text:SANDHILL CORPORATION Statement of Cash Flows (Partial) Adjustments to reconcile net income to Save for Later Attempts: unlimited Submit Answer
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