Changes in Current Operating Assets and Liabilities -Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $115,900 for changes in operating assets and liabilities to arrive at net cash fow from operating activities. x Feedback: T creckMy Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes would have on cash. For example if occounts receivable has increased from last year to this year does that mean the company has collected more cash or less cash? If accounts payable has decreased does that mean the company has more cash or less cash? Cash Flows from Dperating Activities - Indirect Method Staley Inc. feported the following data: Prepare the Cash Flows from Operating Activities section of the statement of cash fons, using the indirect method. Use the minus sign to indicate cash out fows, cash payments, decreases in cash, or any negative adjustments