Changes in Current Operating Assets and Liabilities Blue Cirde Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $15,700 $18,500 Inventory 89,800 78,100 Accounts payable 13,600 17,400 Dividends payable 30,000 28,000 Adjust net income of $126,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

Changes in Current Operating Assets and Liabilities Blue Cirde Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $15,700 $18,500 Inventory 89,800 78,100 Accounts payable 13,600 17,400 Dividends payable 30,000 28,000 Adjust net income of $126,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

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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