Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1Accounts receivable $35,000 $39,500Inventory 22,500 18,450Accounts payable 18,500 16,300Dividends payable 43,200 53,100Adjust net income of $320,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Zwilling Corporation’s comparative
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
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
