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eBook   Show Me How Question Content Area Changes in Current Operating Assets and Liabilities Jasneet Corporation’s comparative balance sheet for current assets and liabilities was as follows:   Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,200   $22,900   Inventory 13,000   10,700   Accounts payable 10,900   9,400   Dividends payable 25,100   30,700   Adjust net income of $185,000 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.$fill in the blank 1

eBook   Show Me How Question Content Area Changes in Current Operating Assets and Liabilities Jasneet Corporation’s comparative balance sheet for current assets and liabilities was as follows:   Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $20,200   $22,900   Inventory 13,000   10,700   Accounts payable 10,900   9,400   Dividends payable 25,100   30,700   Adjust net income of $185,000 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.$fill in the blank 1

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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    Changes in Current Operating Assets and Liabilities

    Jasneet Corporation’s comparative balance sheet for current assets and liabilities was as follows:

      Dec. 31, Year 2 Dec. 31, Year 1
    Accounts receivable $20,200   $22,900  
    Inventory 13,000   10,700  
    Accounts payable 10,900   9,400  
    Dividends payable 25,100   30,700  

    Adjust net income of $185,000 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.
    $fill in the blank 1

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