Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $18,400 $17,500 Inventory 71,600 72,300 Accounts payable 9,400 9,200 Dividends payable 27,000 25,000 Adjust net income of $113,700 for changes in operating assets and liabilities to arrive a net cash flow from operating activities. 115,700 x Feedback Check My 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 accounts 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