Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Accounts receivable Inventory Accounts payable Dividends payable Dec. 31, 20Y2 $17,100 51,700 30,900 24,000 Dec. 31, 20Y1 $16,700 52,400 29,300 22,000 Adjust net income of $100,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Module 8 Problem Set
1. BE.13.02
2. BE.13.01
3. BE.13.04.ALGO
4. BE.13.06
5. BE.13.05
6. BE.13.03.ALGO
Changes in Current Operating Assets and Liabilities-Indirect
Method
Blue Circle Corporation's comparative balance sheet for current
assets and liabilities was as follows:
Accounts receivable.
Inventory
Accounts payable
Dividends payable
Dec. 31, 20Y2
$17,100
51,700
30,900
24,000
Dec. 31, 20Y1
$16,700
52,400
29,300
22,000
Adjust net income of $100,600 for changes in operating assets
and liabilities to arrive at net cash flow from operating
activities.
?
Transcribed Image Text:Module 8 Problem Set 1. BE.13.02 2. BE.13.01 3. BE.13.04.ALGO 4. BE.13.06 5. BE.13.05 6. BE.13.03.ALGO Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Accounts receivable. Inventory Accounts payable Dividends payable Dec. 31, 20Y2 $17,100 51,700 30,900 24,000 Dec. 31, 20Y1 $16,700 52,400 29,300 22,000 Adjust net income of $100,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. ?
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