Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year
Fantastic news! We've Found the answer you've been seeking!
Question:
Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:
| Dec. 31, Year 2 | Dec. 31, Year 1 | ||
Accounts receivable | $18,800 | | $15,700 | |
Inventory | 52,500 | | 59,700 | |
Accounts payable | 22,700 | | 19,900 | |
Dividends payable | 15,000 | | 16,000 | |
Adjust net income of $73,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date: