Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Accounts receivable $21,500 Inventory 64,900 Accounts payable 23,500 Dividends payable 20,000 Adjust net income of $87,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. 88,600 X Dec. 31, 20Y1 $20,600 65,600 23,200 19,000

Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Accounts receivable $21,500 Inventory 64,900 Accounts payable 23,500 Dividends payable 20,000 Adjust net income of $87,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. 88,600 X Dec. 31, 20Y1 $20,600 65,600 23,200 19,000

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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