Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year Dec. 31, Year 2 1 Accounts $23,900 $20,800 receivable Inventory 44,700 52,600 Accounts payable 18,600 23,200 Dividends payable 22,000 21,000 ) Adjust net income of $97,100 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 Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year Dec. 31, Year 2 1 Accounts $23,900 $20,800 receivable Inventory 44,700 52,600 Accounts payable 18,600 23,200 Dividends payable 22,000 21,000 ) Adjust net income of $97,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Chapter1: Financial Statements And Business Decisions
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Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $97,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Transcribed Image Text:Changes in Current Operating Assets and Liabilities-Indirect Method
Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year Dec. 31, Year
2
1
Accounts
$23,900
$20,800
receivable
Inventory
44,700
52,600
Accounts payable
18,600
23,200
Dividends payable
22,000
21,000
)
Adjust net income of $97,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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