Solution-What is amount of net cash provided by operating

What is amount of net cash provided by operating activities

Reference no: EM132058420

Question - Hogan Company had the following account balances for 2013:

	Dec. 31	Jan. 1
Accounts receivable	$43,000	$33,000
Accounts payable	64,000	53,500
Prepaid insurance	18,500	10,000

Hogan reported net income of $370,000 for 2013. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2013 reported in the statement of cash flows?

A) $341,000.

B) $379,000.

C) $362,000.

D) $351,000.

Reference no: EM132058420

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What is amount of net cash provided by operating activities

Reference no: EM132058420

Reference no: EM132058420

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Accounting Basics Questions & Answers

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Coures:- fundamental accounting principles

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Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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