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, 2011 Accounts receivable $23,400 $22,100 Inventory 51,400 52,100 Accounts payable 26,400 25,800 Dividends payable 28,000 26,000 Adjust net income of $119,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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, 2011 Accounts receivable $23,400 $22,100 Inventory 51,400 52,100 Accounts payable 26,400 25,800 Dividends payable 28,000 26,000 Adjust net income of $119,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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, 2011
Accounts receivable
$23,400
$22,100
Inventory
51,400
52,100
Accounts payable
26,400
25,800
Dividends payable
28,000
26,000
Adjust net income of $119,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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