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Accounting (Text Only)
26th Edition
ISBN: 9781285743615
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 16, Problem 16.3APE
Changes in current operating assets and liabilities-indirect method
Alpenrose Corporation’s comparative
Dec. 31, 2016 | Dec. 31, 2015 | |
$27,000 | $32,400 | |
Inventory | 18,000 | 15,480 |
Accounts payable | 16,200 | 14,220 |
Dividends payable | 49,500 | 53,100 |
Adjust net income of $207,000 for changes in operating assets and liabilities to arrive at net
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Chapter 16 Solutions
Accounting (Text Only)
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