Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $25,200 $24,200 Inventory 50,000 50,700 Accounts payable 25,300 24,900 Dividends payable 15,000 16,000 Adjust net income of $73,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $25,200 $24,200 Inventory 50,000 50,700 Accounts payable 25,300 24,900 Dividends payable 15,000 16,000 Adjust net income of $73,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Name: Changes in Current Operating Assets and Liabilities-Indirect MethodBl
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Description: Changes in Current Operating Assets and Liabilities-Indirect MethodBlue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:Dec. 31, 20Y2Dec. 31, 20Y1Accounts receivable$25,200$24,200Inventory50,00050,700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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