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 Inventory Accounts payable Dividends payable $14,900 $14,300 57,700 58,400 17,200 16,300 17,000 18,000 Adjust net income of $80,600 for changes in operating assets and liabilities to arrive at et cash flows 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 Inventory Accounts payable Dividends payable $14,900 $14,300 57,700 58,400 17,200 16,300 17,000 18,000 Adjust net income of $80,600 for changes in operating assets and liabilities to arrive at et cash flows from operating activities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Accounts receivable
Inventory
Accounts payable
Dividends payable
$14,900
$14,300
57,700
58,400
17,200
16,300
17,000
18,000
I
Adjust net income of $80,600 for changes in operating assets and liabilities to arrive at Jet cash flows from operating activities.
Check My Work 5 mor
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