Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 $20,400 78,800 19,800 Accounts receivable Inventory Accounts payable Dividends payable Adjust net income of $94,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $25,500 70,400 24,100 21,000 20,000

Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 $20,400 78,800 19,800 Accounts receivable Inventory Accounts payable Dividends payable Adjust net income of $94,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $25,500 70,400 24,100 21,000 20,000

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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