Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $16,200 $15,400 Inventory 70,200 70,900 Accounts payable 22,600 21,300 Dividends payable 20,000 22,000 Adjust net income of $100, 400 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. fill in the blank 1 of 1$

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
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Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:
Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1
Accounts receivable $16,200 $15,400
Inventory 70,200 70,900
Accounts payable 22,600 21,300
Dividends payable 20,000 22,000
Adjust net income of $100, 400 for changes in operating assets and liabilities to arrive at net cash flows
from operating activities.
fill in the blank 1 of 1$
Transcribed Image Text:Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $16,200 $15,400 Inventory 70,200 70,900 Accounts payable 22,600 21,300 Dividends payable 20,000 22,000 Adjust net income of $100, 400 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. fill in the blank 1 of 1$
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