Question: Changes in Current Operating Assets and LiabilitiesIndirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2

Changes in Current Operating Assets and LiabilitiesIndirect Method

Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, 20Y2 Dec. 31, 20Y1
Accounts receivable $14,000 $12,800
Inventory 66,500 67,200
Accounts payable 26,200 24,800
Dividends payable 29,000 27,000

Adjust net income of $123,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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