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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 $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. $

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