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

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Changes in current operating assets and liabilitiesindirect method

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

Line Item DescriptionDec. 31, 20Y2Dec. 31, 20Y1Accounts receivable$26,400$25,600Inventory78,70079,400Accounts payable23,60021,900Dividends payable21,00020,000

Adjust net income of $90,300 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

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