Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. changes in current operating assets and liabilitie

Changes in Current Operating Assets and LiabilitiesIndirect Method Blue Circle Corporation's comparative balance sheet for...

70.2K

Verified Solution

Question

Accounting

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, Year 2 Dec. 31, Year 1
Accounts receivable $18,800 $15,700
Inventory 52,500 59,700
Accounts payable 22,700 19,900
Dividends payable 15,000 16,000

Adjust net income of $73,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

theoretically designing a turbo propeller engine with a static power output of 500kW.

Mechanical Engineering
Q

The Joint Commission & The Department of Human Services are two governing bodies vital to health...

General Management
Q

Fig 6. SWOT Matrix Strengths Weaknesses S1: Efficient Management of their Supply Chain W1: Patent Infringement Issues Affect Stakeholder Confidence Please...

General Management
Q

When must you separate cylinders Select ALL that apply When they are different colors When...

Biology
Q

The equation of a simple harmonic wave is given by y 3 sin 50 t...

Physics
Q

A company gives common stock to a supplier in return for inventory. Which of the...

Accounting
Q

The Objectives for Existense are:Objective #1: verify all recorded inventory transactions were received (and are...

Accounting
Q

E7-12 Reporting Inventory at Lower of Cost or Market LO7-4 Jones Company is preparing the...

Accounting
Q

Arthur, age 19, is a full-time student at Gordon College and is a candidate for...

Accounting
Q

URGENT PLEASE A person wants to buy a house after seven years by making...

Finance
Q

I want to fill in only one tables form Proceeding International Seminar on...

Finance
Q

What is the standard deviation of a portfolio of two risky assets if the expected...

Finance