CESUR Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $21,500 $20,600 Inventory 64,900 65,600 Accounts payable 23,500 23,200 Dividends payable 20,000 19,000 Adjust net income of $87,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activit
CESUR Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $21,500 $20,600 Inventory 64,900 65,600 Accounts payable 23,500 23,200 Dividends payable 20,000 19,000 Adjust net income of $87,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activit
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter13: Statement Of Cash Flows
Section: Chapter Questions
Problem 13.3BE
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