IIChanges in Current Operating Assets and Liabilities-Indirect MethodBlue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:Dec. 31, 20Y2Accounts receivable$23,900Inventory72,300Accounts payable25,300Dividends payable22,000Adjust net income of $103,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.$Dec. 31, 20Y1$23,20073,00024,40023,000

Cash Flow -A Statement of Cash Flow is a Financial Statement that includes the inflow and outflow of…

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 $23,900 $23,200 Inventory 72,300 73,000 Accounts payable 25,300 24,400 Dividends payable 22,000 23,000 Adjust net income of $103,800 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, 20Y1 Accounts receivable $23,900 $23,200 Inventory 72,300 73,000 Accounts payable 25,300 24,400 Dividends payable 22,000 23,000 Adjust net income of $103,800 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

Section: Chapter Questions

Problem 1Q

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