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For the just completed year, Hosni Co. reported a net income of $45,000. Balances in...

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Accounting

For the just completed year, Hosni Co. reported a net income of $45,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: Current assets: Cash Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities End of Year Beginning of Year $ 30,000 125,000 213,000 6,000 Net cash provided by operating activities 210,000 4,000 $ 50,000 106,000 180,000 7,000 195,000 6,000 The deferred income taxes liability account on the balance sheet increased by $4,000 during the year, and depreciation charges were $20,000. Required: Using the indirect method, determine the cash provided by operating activities for the year.
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For the just completed year, Hosni Co, reported a net income of $45,000. Balances in the companys current asset and current liability accounts at the beginning and end of the year were as follows: The deferred income taxes lablity account on the balance sheet increased by 54,000 during the year, and depreclation charges were $20000 Required: Using the inditect method, determine the cash provided by operating activities for the year

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