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 $20,000 $19,300 Inventory 61,900 62,600 Accounts payable 21,000 20,800 Dividends payable 19,000 18,000 Adjust net income of $79,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $fill in the blank 1

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
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Problem 13.3BE
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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 $20,000   $19,300  
Inventory 61,900   62,600  
Accounts payable 21,000   20,800  
Dividends payable 19,000   18,000  

Adjust net income of $79,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
$fill in the blank 1

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