net cash flow from
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Mohammed Corporation's comparative balance sheet
for current assets and liabilities was as follows: Dec.
31, 20Y2 Dec. 31, 20Y1 Accounts receivable $28,300 $
27,900 Inventory 50, 700 51,400 Accounts payable
11,300 10,600 Dividends payable 28, 000 26,000
Adjust net income of $117,700 for changes in operating
assets and liabilities to arrive at net cash flow from
operating activities.
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