Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $13,200 $12,100 Inventory 77,000 77,700 Accounts payable 18,300 17,100 Dividends payable 19,000 18,000 Adjust net income of $83,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. 84,500 X Feedback Check My Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes would ha mean the company has collected more cash or less cash? If accounts payable has decreased does that mean the company has more
Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $13,200 $12,100 Inventory 77,000 77,700 Accounts payable 18,300 17,100 Dividends payable 19,000 18,000 Adjust net income of $83,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. 84,500 X Feedback Check My Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes would ha mean the company has collected more cash or less cash? If accounts payable has decreased does that mean the company has more
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Changes in Current Operating Assets and Liabilities-Indirect Method
Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, 20Y2
Dec. 31, 20Y1
$12,100
77,700
17,100
Accounts receivable
Inventory
Accounts payable
18,300
Dividends payable
19,000
18,000
Adjust net income of $83,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
84,500 X
Feedback
$13,200
77,000
Check My Work
Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes would have
mean the company has collected more cash or less cash? If accounts payable has decreased does that mean the company has more c
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