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Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:   Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $14,400   $18,200   Inventory 73,900   66,600   Accounts payable 17,600   22,000   Dividends payable 26,000   28,000   Adjust net income of $126,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities: $_________

Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:   Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $14,400   $18,200   Inventory 73,900   66,600   Accounts payable 17,600   22,000   Dividends payable 26,000   28,000   Adjust net income of $126,700 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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Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:

  Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $14,400   $18,200  
Inventory 73,900   66,600  
Accounts payable 17,600   22,000  
Dividends payable 26,000   28,000  

Adjust net income of $126,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities:
$_________

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