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garik1379 [7]
2 years ago
9

Hemmer Company reported net income for 2016 in the amount of $43,000. The company's financial statements also included the follo

wing:
Decrease in accounts receivable $5,800
Increase in inventory 1,900
Depreciation expense 2,700

What is net cash provided by operating activities?

A. $42,200.
B. $39,100.
C. $49,600.
D. $45,700.
Business
1 answer:
LenKa [72]2 years ago
4 0

Answer:

C. $49,600.

Explanation:

We can find the net cash provided by operating activities using the information given to us in the question. We will start from net income which is $43,000 and then add 5,800 to it because it is a current asset which is decreasing which means that the company received cash for it, then we will subtract 1,900 because it is an increase in inventory and we assume the company paid cash for it because there are no increase in accounts payable, and then we will add 2,700 because depreciation is a non cash expense, therefore we will add it back when we calculate the cash provided by operating activities.

43,000+ 5,800-1,900+2,700=49,600

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Explanation:

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All the above mentioned items are considered assets as they fit this description.

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Equipment, building and land are all fixed assets as they have a duration of more than one period.

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Answer:

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2 years ago
Which of the following are arguments that are given to support trade barriers?
Roman55 [17]

Answer:

E To prevent dumping

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5 0
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Luba_88 [7]
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Answer:

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