Lindsay Corporation had net income for 2015 of $2,500,000. Additional information is as follows: $\begin{array}{lr}
\text { Depreciation of plant assets } & \$ 1,200,000 \
\text { Amortization of intangibles } & 240,000 \
\text { Increase in accounts receivable } & 420,000 \
\text { Increase in accounts payable } & 540,000
\end{array}$ Lindsay's net cash provided by operating activities for 2015 was

Question

Quizplus · Accepted Answer

Net income + Depreciation + Amortization - Increase in AR + Increase in AP = Net cash provided by operating activities$2,500,000 + $1,200,000 + $240,000 - $420,000 + $540,000 = $4,060,000

Lindsay Corporation Had Net Income for 2015 of $2,500,000 Lindsay's Net Cash Provided by Operating Activities for 2015 Was