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Changes in current operating assets and liabilities-indirect method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 $12,700 $12,400 59,500 60,200 28,600 28,300 28,000 26,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Accounts receivable Inventory Accounts payable Dividends payable Open spreadsheet Adjust net income of $120,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

Changes in current operating assets and liabilities-indirect method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 $12,700 $12,400 59,500 60,200 28,600 28,300 28,000 26,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Accounts receivable Inventory Accounts payable Dividends payable Open spreadsheet Adjust net income of $120,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement
Section: Chapter Questions
Problem 20P
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Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2012 Dec. 31, 20Y1 $12,700 $12,400 59,500 60,200 28,600 28,300 28,000 26,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Accounts receivable Inventory Accounts payable Dividends payable X Open spreadsheet Adjust net income of $120,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. 120,300 X Feedback Check My Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes would have on cash. For example if accounts receivable has increased from last year to this year does that mean the company has collected more cash or less cash? If accounts payable has decreased does that mean the company has more cash or less cash?
 
Changes in current operating assets and liabilities-indirect method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2012 $12,700 59,500 28,600 28,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Accounts receivable Inventory Accounts payable Dividends payable www X Open spreadsheet Dec. 31, 20Y1 $12,400 60,200 28,300 26,000 Adjust net income of $120,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.
Transcribed Image Text:Changes in current operating assets and liabilities-indirect method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2012 $12,700 59,500 28,600 28,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Accounts receivable Inventory Accounts payable Dividends payable www X Open spreadsheet Dec. 31, 20Y1 $12,400 60,200 28,300 26,000 Adjust net income of $120,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.
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