Question: O Changes in current operating assets and liabilities-indirect method Instructions Amount Descriptions Reconciliation of Net Income Instructions Huluduey Corporation's comparative balance sheet for current assets



O Changes in current operating assets and liabilities-indirect method Instructions Amount Descriptions Reconciliation of Net Income Instructions Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $32,350 $27,670 Inventory 18,640 15,960 Accounts payable 15,940 14,650 Dividends payable 51,460 48,000 Adjust net income of $213,480 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. O Changes in current operating assets and liabilities-indirect method Instructions Amount Descriptions Reconciliation of Net Income Amount Descriptions Amount Descriptions Cash paid for dividends Decrease in accounts payable Decrease in accounts receivable Decrease in dividends payable Decrease in inventory Increase in accounts payable > Increase in accounts receivable Increase in dividends payable Increase in inventory Net cash flow from operating activities II Changes in current operating assets and liabilities-indirect method Instructions Amount Descriptions Reconciliation of Net Income Reconciliation of Net Income Adjust net income of $213,480 for changes in operating assets and liabilities to arrive at net cash flow from operating activities, Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows cash payments, decreases in cash and for any adjustments, if required. 1 Net income 2 Adjustments to reconcile net income to net cash flow from operating activities: 3 Changes in current operating assets and liabilities: 5 6
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