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 $13,800 $13,000 Aoventory 59,800 60,500 Accounts payable 28,900 28,600 Dividends payable 22,000 24,000 Adjust net income of $107,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $105,000 X

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 $13,800 $13,000 Aoventory 59,800 60,500 Accounts payable 28,900 28,600 Dividends payable 22,000 24,000 Adjust net income of $107,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $105,000 X

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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