Changes in Current Operating Assets and Liabilities--Indirect Method Blue Circe Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $30,100 $29,800 Inventory 58,500 159,200 Accounts payable 20,400 19,000 Dividends payable 30,000 28,000 Adjust net income of $125,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $125,700 X Foodback Check My Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes wou example if accounts receivable has increased from last year to this year does that mean the company has collected more cash payable has decreased does that mean the company has more cash or less cash? Learning Objective 2