Question: #6, mod 8 - answer is not 119,400 Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets and

#6, mod 8 - answer is not 119,400

Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $30,500 $29,400 Inventory 57,900 58,600 Accounts payable 19,900 18,100 Dividends payable 28,000 26,000 Adjust net income of $118,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
