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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, 20Y1 Accounts receivable $13,800 $13,000 Aoventory 59,800 60,500 Accounts payable 28,900 28,600 Dividends payable 22,000 24,000 Adjust net income of $107,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $105,000 X

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 $13,800 $13,000 Aoventory 59,800 60,500 Accounts payable 28,900 28,600 Dividends payable 22,000 24,000 Adjust net income of $107,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $105,000 X

FINANCIAL ACCOUNTING
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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1oW Me FOW Print Item 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 $13,800 $13,000 Aventory 59,800 60,500 Accounts payable 28,900 28,600 Dividends payable 22,000 24,000 Adjust net income of $107,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 105,000 X Feedback Check My Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes wo example if accounts receivable has increased from last year to this year does that mean the company has collected more casl accounts payable has decreased does that mean the company has more cash or less cash? 0 more Check My Work uses remaining,
Transcribed Image Text:1oW Me FOW Print Item 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 $13,800 $13,000 Aventory 59,800 60,500 Accounts payable 28,900 28,600 Dividends payable 22,000 24,000 Adjust net income of $107,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 105,000 X Feedback Check My Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes wo example if accounts receivable has increased from last year to this year does that mean the company has collected more casl accounts payable has decreased does that mean the company has more cash or less cash? 0 more Check My Work uses remaining,
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