Watson Corporation's statement of financial position data for current assets and liabili- ties were as follows: Adjust net income of $320,000 for changes in operating
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Adjust net income of $320,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities using the indirect method.
Dec. 31, 2015 Dec. 31, 2014 Accounts receivable Inventories Accounts payable $30,000 58.000 46.000 14.000 $24.000 49.500 34.500 18,000 Dividends payable
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
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