Changes in Current Operating Assets and LiabilitiesIndirect Method Mohammed Corporation's comparative balance sheet for current...
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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 | $15,500 | $14,800 | ||
| Inventory | 53,400 | 54,100 | ||
| Accounts payable | 24,100 | 23,900 | ||
| Dividends payable | 25,000 | 23,000 | ||
Adjust net income of $102,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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