Question: eBook Show Me How Office 365 Question Content Area Changes in current operating assets and liabilitiesindirect method Huluduey Corporation's comparative balance sheet for current assets

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Changes in current operating assets and liabilitiesindirect method

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

Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1
Accounts receivable $17,500 $17,000
Inventory 60,200 60,900
Accounts payable 27,900 26,600
Dividends payable 26,000 28,000

Adjust net income of $125,000 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

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