I am working with a question in a practice exercise and I can't get the correct answer for the last line. The answer given in this example at the end of $209.340 seems correct to me, but the practice work I am doing reports that answer as wrong. The problem is listed on your site, and I have included a link to the problem on your site below. This question was rejected a few moments ago for lack of details, but I don't understand that either as all the details are already on your site.Here are some pictures in case that helps: https://www.bartleby.com/questions-and-answers/huluduey-corporations-comparative-balance-sheet-for-current-assets-and-liabilities-was-as-follows-de/dad95bf3-643c-4808-bd7b-e1cf2bf38bf4 Question:Huluduev. Corporation's comparative balance sheet for current assets and liabilities was as follows:Dec. 31, Year 2 Dec. 31, Year 1Accounts receivable $31,340S27,670Inventory17,18016,090Accounts payable16,51014,340Dividends payable51,85049,250Adjust net income of $211,930 for changes in operating assets and liabilities to amrive at net cash flow from operatingactivities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.Adjust net income of $211,930 for changes in operating assets and liabilities to arrive at netcash flow from operating activities Refer to the Amount Descriptions list provided for the exact wording ofthe answer choices for text entries. Use the minus sign to indicate cash outfiows, cash payments,decreases in cash and for any adjustments, if required.1 Net income2 Adjustments to reconcile net income to net cash flow from operating activities:3 Changes in current operating assets and liabilities:* Increase in accounts receivable(3.670.00)5 Increase in inventory(1,090.00)6 Increase in accounts payable2,170.00Net cash flow from operating activities$209,340.007

Introduction: Statement of cash flows: All cash in and out transactions are recorded in statement of…

Answered: I am working with a question in a…

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

See similar textbooks

Related questions

Question

I am working with a question in a practice exercise and I can't get the correct answer for the last line. The answer given in this example at the end of $209.340 seems correct to me, but the practice work I am doing reports that answer as wrong. The problem is listed on your site, and I have included a link to the problem on your site below. This question was rejected a few moments ago for lack of details, but I don't understand that either as all the details are already on your site.

Here are some pictures in case that helps:

https://www.bartleby.com/questions-and-answers/huluduey-corporations-comparative-balance-sheet-for-current-assets-and-liabilities-was-as-follows-de/dad95bf3-643c-4808-bd7b-e1cf2bf38bf4

Question:
Huluduev. Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $31,340
S27,670
Inventory
17,180
16,090
Accounts payable
16,510
14,340
Dividends payable
51,850
49,250
Adjust net income of $211,930 for changes in operating assets and liabilities to amrive at net cash flow from operating
activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.
Adjust net income of $211,930 for changes in operating assets and liabilities to arrive at net
cash flow from operating activities Refer to the Amount Descriptions list provided for the exact wording of
the answer choices for text entries. Use the minus sign to indicate cash outfiows, cash payments,
decreases in cash and for any adjustments, if required.
1 Net income
2 Adjustments to reconcile net income to net cash flow from operating activities:
3 Changes in current operating assets and liabilities:
* Increase in accounts receivable
(3.670.00)
5 Increase in inventory
(1,090.00)
6 Increase in accounts payable
2,170.00
Net cash flow from operating activities
$209,340.00
7

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions