FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Huluduey Corporation’s comparative balance sheet for current assets and liabilities was as follows:
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Dec. 31, Year 2
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Dec. 31, Year 1
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$31,340 | $27,670 | |
Inventory | 17,180 | 16,090 |
Accounts payable | 16,510 | 14,340 |
Dividends payable | 51,850 | 49,250 |
Adjust net income of $211,930 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows , cash payments, decreases in cash and for any adjustments, if required.
Amount Descriptions
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Cash paid for dividends | |
Decrease in accounts payable | |
Decrease in accounts receivable | |
Decrease in dividends payable | |
Decrease in inventory | |
Increase in accounts payable | |
Increase in accounts receivable | |
Increase in dividends payable | |
Increase in inventory | |
Net cash flow from operating activities |
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