Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $35,000 $39,500 Inventory 22,500 18,450 Accounts payable 18,500 16,300 Dividends payable 43,200 53,100 Adjust net income of $320,000 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.

Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $35,000 $39,500 Inventory 22,500 18,450 Accounts payable 18,500 16,300 Dividends payable 43,200 53,100 Adjust net income of $320,000 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.

Name: Zwilling Corporation’s comparative balance sheet for current assets an
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Description: Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2Dec. 31, Year 1Accounts receivable$35,000$39,500Inventory22,50018,450Accounts payable18,50016,300Dividends payable43,20053,100 Adjust n

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 19BEA

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	Dec. 31, Year 2	Dec. 31, Year 1
Accounts receivable	$35,000	$39,500
Inventory	22,500	18,450
Accounts payable	18,500	16,300
Dividends payable	43,200	53,100

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