Changes in Current Operating Assets and LiabilitiesIndirect Method Mohammed Corporation's comparative balance sheet...

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Accounting

Changes in Current Operating Assets and LiabilitiesIndirect Method
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31,20Y2 Dec. 31,20Y1
Accounts receivable $29,000 $27,700
Inventory 69,20069,900
Accounts payable 18,00017,200
Dividends payable 24,00026,000
Adjust net income of $117,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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