Question: Macavoy Corporations comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $253,000 for changes in operating assets and liabilities

Macavoy Corporation€™s comparative balance sheet for current assets and liabilities was as follows:

Adjust net income of $253,000 for changes in operating assets and liabilities to arrive at net cash flow from operatingactivities.

Accounts receivable Inventory Accounts payable Dividends payable Dec. 31, 2014 $33,000 22,000 19,800 60,500 Dec. 31, 2013 $39,600 18,920 17,380 64,900

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