Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $13,500 $16,300 Inventory 82,700 71,900 Accounts payable 29,600 24,700 Dividends payable 19,000 18,000 Adjust net income of $80,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activitie
Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $13,500 $16,300 Inventory 82,700 71,900 Accounts payable 29,600 24,700 Dividends payable 19,000 18,000 Adjust net income of $80,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activitie
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Blue Circle Corporation's comparative
Dec. 31, Year 2 | Dec. 31, Year 1 | |||
$13,500 | $16,300 | |||
Inventory | 82,700 | 71,900 | ||
Accounts payable | 29,600 | 24,700 | ||
Dividends payable | 19,000 | 18,000 |
Adjust net income of $80,800 for changes in operating assets and liabilities to arrive at net
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