eBook Show Me How Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Accounts receivable Inventory Accounts payable Dividends payable Dec. 31, 2012 Dec. 31, 20Y1 $31,100 $29,900 59,700 60,400 24,900 23,100 18,000 17,000 Adjust net income of $76,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. 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