Changes in Current Operating Assets and Liabilities-Indirect Method Huluduey Corporation's comparative balance sheet for current assets and Iliabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $17,500 $12,500 Inventory 51,650 44,200 Accounts payable 8,480 5,100 Dividends payable 9,480 6,100 Adjust net income of $75,800 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 Huluduey Corporation's comparative balance sheet for current assets and Iliabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $17,500 $12,500 Inventory 51,650 44,200 Accounts payable 8,480 5,100 Dividends payable 9,480 6,100 Adjust net income of $75,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Name: Changes in Current Operating Assets and Liabilities-Indirect MethodHu
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Description: Changes in Current Operating Assets and Liabilities-Indirect MethodHuluduey Corporation's comparative balance sheet for current assets and Iliabilities was as follows:Dec. 31, 20Y2Dec. 31, 20Y1Accounts receivable$17,500$12,500Inventory51,65044,200Ac

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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