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Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $20,800 $19,900 Inventory 72,000 72,700 Accounts payable 20,700 19,800 Dividends payable 17,000 18,000 Adjust net income of $81,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities

Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $20,800 $19,900 Inventory 72,000 72,700 Accounts payable 20,700 19,800 Dividends payable 17,000 18,000 Adjust net income of $81,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities

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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Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $20,800 $19,900 Inventory 72,000 72,700 Accounts payable 20,700 Dividends payable 17,000 19,800 18,000 Adjust net income of $81,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Transcribed Image Text:Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $20,800 $19,900 Inventory 72,000 72,700 Accounts payable 20,700 Dividends payable 17,000 19,800 18,000 Adjust net income of $81,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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