Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities vwas as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $26,400 $25,700 Inventory 58,400 59,100 Accounts payable 29,600 29,100 Dividends payable 21,000 23,000 Adjust net income of $105,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities vwas as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $26,400 $25,700 Inventory 58,400 59,100 Accounts payable 29,600 29,100 Dividends payable 21,000 23,000 Adjust net income of $105,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 3BE

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