Changes in Current Operating Assets and LiabilitiesIndirect Method Blue Circle Corporation's comparative balance sheet for...
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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 | $20,100 | $17,200 | ||
| Inventory | 59,300 | 68,900 | ||
| Accounts payable | 9,900 | 12,200 | ||
| Dividends payable | 15,000 | 16,000 | ||
Adjust net income of $72,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $______________________
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