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Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year Dec. 31, Year 2 1 Accounts $23,900 $20,800 receivable Inventory 44,700 52,600 Accounts payable 18,600 23,200 Dividends payable 22,000 21,000 ) Adjust net income of $97,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year Dec. 31, Year 2 1 Accounts $23,900 $20,800 receivable Inventory 44,700 52,600 Accounts payable 18,600 23,200 Dividends payable 22,000 21,000 ) Adjust net income of $97,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 3BE
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Don't use chatgpt, I will 5 upvotes Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $97,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $
Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year Dec. 31, Year 2 1 Accounts $23,900 $20,800 receivable Inventory 44,700 52,600 Accounts payable 18,600 23,200 Dividends payable 22,000 21,000 ) Adjust net income of $97,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Transcribed Image Text:Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year Dec. 31, Year 2 1 Accounts $23,900 $20,800 receivable Inventory 44,700 52,600 Accounts payable 18,600 23,200 Dividends payable 22,000 21,000 ) Adjust net income of $97,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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