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
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
Section: Chapter Questions
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 | |||
$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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