Changes in Current Operating Assets and Liabilities 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 $30,500 $25,000 Inventory 51,900 61,000 Accounts payable 11,500 13,400 Dividends payable 18,000 17,000 Adjust net income of $76,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $fill in the blank 1

Changes in Current Operating Assets and Liabilities 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 $30,500 $25,000 Inventory 51,900 61,000 Accounts payable 11,500 13,400 Dividends payable 18,000 17,000 Adjust net income of $76,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $fill in the blank 1

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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