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Lindsay Corporation had net income for 2011 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 420,000
Increase in accounts payable 540,000
Lindsay's net cash provided by operating activities for 2011 was

a. $4,440,000.
b. $4,560,000.
c. $4,320,000.
d. $1,680,000.

Respuesta :

jafruevu

Answer:

B. $4,560,000.

Explanation:

Net income                                                              $3,000,000

Cash flow from operating activities:

Depreciation of plant assets             $1,200,000

Amortization of intangibles               $240,000

Accounts receivable                          ($420,000)

Increase in accounts payable           $540,000

Cash flow from operating activities                       $1,560,000

Net cash provided by operating activities            $4,560,000

Therefore, option B is the answer.

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