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, 20Y2
Dec. 31, 20Y1
Accounts receivable
$29,300
$29,000
Inventory
72,400
73,100
Accounts payable
16,400
14,800
Dividends payable
17,000
16,000
Adjust net income of $74,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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