Module 8

Changes in Current Operating Assets and LiabilitiesIndirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $23,300 $22,700 Inventory 70,900 71,600 Accounts payable 26,500 26,100 Dividends payable 24,000 26,000 Adjust net income of $116,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities