I am working with a question in a practice exercise and I can't get the correct answer for the last line. The answer given in this example at the end of $209.340 seems correct to me, but the practice work I am doing reports that answer as wrong. The problem is listed on your site, and I have included a link to the problem on your site below. This question was rejected a few moments ago for lack of details, but I don't understand that either as all the details are already on your site. Here are some pictures in case that helps: https://www.bartleby.com/questions-and-answers/huluduey-corporations-comparative-balance-sheet-for-current-assets-and-liabilities-was-as-follows-de/dad95bf3-643c-4808-bd7b-e1cf2bf38bf4
I am working with a question in a practice exercise and I can't get the correct answer for the last line. The answer given in this example at the end of $209.340 seems correct to me, but the practice work I am doing reports that answer as wrong. The problem is listed on your site, and I have included a link to the problem on your site below. This question was rejected a few moments ago for lack of details, but I don't understand that either as all the details are already on your site.
Here are some pictures in case that helps:
https://www.bartleby.com/questions-and-answers/huluduey-corporations-comparative-balance-sheet-for-current-assets-and-liabilities-was-as-follows-de/dad95bf3-643c-4808-bd7b-e1cf2bf38bf4
 alt="Question:
Huluduev. Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $31,340
S27,670
Inventory
17,180
16,090
Accounts payable
16,510
14,340
Dividends payable
51,850
49,250
Adjust net income of $211,930 for changes in operating assets and liabilities to amrive at net cash flow from operating
activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.
Adjust net income of $211,930 for changes in operating assets and liabilities to arrive at net
cash flow from operating activities Refer to the Amount Descriptions list provided for the exact wording of
the answer choices for text entries. Use the minus sign to indicate cash outfiows, cash payments,
decreases in cash and for any adjustments, if required.
1 Net income
2 Adjustments to reconcile net income to net cash flow from operating activities:
3 Changes in current operating assets and liabilities:
* Increase in accounts receivable
(3.670.00)
5 Increase in inventory
(1,090.00)
6 Increase in accounts payable
2,170.00
Net cash flow from operating activities
$209,340.00
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