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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.

BuyFind

Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307
BuyFind

Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307

Solutions

Chapter
Section
Chapter 14, Problem 14.3BPE
Textbook Problem

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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Chapter 14 Solutions

Financial & Managerial Accounting
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