Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $25,600 $25,200 Inventory 76,800 77,500 Accounts payable 26,700 24,900 Dividends payable 20,000 21,000 Adjust net income of $95,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $

Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $25,600 $25,200 Inventory 76,800 77,500 Accounts payable 26,700 24,900 Dividends payable 20,000 21,000 Adjust net income of $95,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 3BE

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