Changes in current operating assets and liabilities—indirect method
Huluduey Corporation’s comparative balance sheet for current assets and liabilities was as follows:
Dec. 31,2016 | Dec. 31,2015 | |
Accounts receivable | $18,000 | $14,400 |
Inventory | 34,800 | 29,700 |
Accounts payable | 27.600 | 20,700 |
Dividends payable | 8,400 | 10,800 |
Adjust net income of $160,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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