Changes in Current Operating Assets and Liabilities Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $10,200 $12,300 Inventory 58,800 52,000 Accounts payable 19,400 22,500 Dividends payable 29,000 27,000 Adjust net income of $123,200 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. 122,800 X
Changes in Current Operating Assets and Liabilities Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $10,200 $12,300 Inventory 58,800 52,000 Accounts payable 19,400 22,500 Dividends payable 29,000 27,000 Adjust net income of $123,200 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. 122,800 X
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9BE
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![Changes in Current Operating Assets and Liabilities
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable
$10,200
$12,300
Inventory
58,800
52,000
Accounts payable
19,400
22,500
Dividends payable
29,000
27,000
Adjust net income of $123,200 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.
$ 122,800 x](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F785b7add-d082-4ae4-ae6c-04f403773bba%2Fddbac74c-20ee-44fe-99de-c1f951f58fb2%2Ft4538k_processed.png&w=3840&q=75)
Transcribed Image Text:Changes in Current Operating Assets and Liabilities
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable
$10,200
$12,300
Inventory
58,800
52,000
Accounts payable
19,400
22,500
Dividends payable
29,000
27,000
Adjust net income of $123,200 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.
$ 122,800 x
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