Question: Changes in Current Operating Assets and LiabilitiesIndirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2

Changes in Current Operating Assets and LiabilitiesIndirect Method

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

Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $15,700 $14,600
Inventory 61,600 62,300
Accounts payable 16,500 15,800
Dividends payable 28,000 26,000

Adjust net income of $119,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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