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Lindsay Corporation had net income for 2021 of $3,000,000. Additional information is as follows:
Depreciation of plant assets $1,200,000
Amortization of intangibles 240,000
Increase in accounts receivable 540,000
Increase in accounts payable 420,000
Lindsay's net cash provided by operating activities for 2021 was
$4,560,000.
$4,440,000.
$4,320,000.
$2,680,000.

Answer :

Lindsay Corporation had internet profits for 2021 of $3,000,000 are given below:

Net Income $3,000,000

Adjustments:

Depreciation $1,200,000

Amortization $240,000

Increase in AR ($540,000)

Increase in AP $420,000

Net Cash furnished with the aid of using Operating activities $four,320,000

· Note

No.      Conceptual Notes

One Cash Flow Statement displays the Cash Inflows and Outflows all through a duration of time.

Two Effects of Non - Cash Transaction are adjusted from Net Income.

Three Depreciation Expense, Amortization prices are Added lower back to Net Income in Cash Flow Statement.

Four Decrease in Current Assets OR Increase in Current Liabilities are ADDED to Net Income

Five Increase in Current Assets OR Decrease in Current Liabilities are DEDUCTED from Net Income

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