Lindsay Corporation had net income for 2018 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 2018 was:

Net cash provided by operating activities for 2018 was $4,560,000

Explanation:

The net cash provided by operating activities can be computed by preparing the operating activities of the statement of cash flow as shown below:

Net income for the year                          $3,000,000

add depreciation                                      $1,200,000

add amortization                                       $240,000

deduct increase in accounts receivable ($420,000)

add increase in accounts payable           $540,000

net cash provided by operations             $4,560,000  

The cash provided by operating activities is $4,560,000  

The rationale for deducting increase in accounts receivable is that the increase deprived Lindsay corporation cash of $420,000.

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you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: