Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. changes in current operating assets and liabilitie

Changes in Current Operating Assets and LiabilitiesIndirect Method Victor Corporation's comparative balance sheet for current...

70.2K

Verified Solution

Question

Accounting

Changes in Current Operating Assets and LiabilitiesIndirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2014 Dec. 31, 2013 Accounts receivable $26,500 $23,000 Inventory 55,200 64,900 Accounts payable 21,800 27,900 Dividends payable 18,000 20,000 Adjust net income of $91,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

55 The maximum and minimum number of electrons in Co having 2 s 1 1...

Physics
Q

1) Design forms for 13’-8” high wall to be concreted at the rate of 5 ft...

Civil Engineering
Q

A numerical taxonomist studying the branched lamentous alga, Cladophora glom- erata, believes she has discovered a new...

Basic Math
Q

Labels A collection of unrelated enzymes at the plasma membrane Enzyme Q breaks down substrate...

Biology
Q

A car was valued at $43,000 in the year 1991. The value depreciated to $15,000...

Basic Math
Q

Match each piecewise function to its graph x x 0 f x x x 0...

Algebra
Q

Newsurf Ltd, has been manufacturing and selling surfboards for the last two years. Newsurf Ltd...

Accounting
Q

\table[[\table[[GOLDEN CORPORATION],[Comparative Balance Sheets],[December 31]],Current Year,Prior Year],[\table[[Assets],[Cash],[Accounts receivable],[Inventory],[Total current assets],[Equipment],[Accumulated depreciation-Equipment]],\table[[\table[[$164,000

Accounting
Q

Need help with 5 main  questions with sub questions  about fv, cash flow , of...

Accounting
Q

[The following information applies to the questions displayed below.] Suresh Co. expects its five departments...

Accounting
Q

round to two decimal places. dont round until all calculations are completed. 1A....

Finance
Q

I have invested $40,000 at 4.5% per year. How much will this investment be worth...

Finance