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Changes in Current Operating Assets and LiabilitiesIndirect Method
Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:
| | Dec. 31, Year 2 | Dec. 31, Year 1 |
| Accounts receivable | $24,800 | | $29,900 | |
| Inventory | 61,200 | | 53,200 | |
| Accounts payable | 21,100 | | 18,200 | |
| Dividends payable | 23,000 | | 24,000 | |
Adjust net income of $111,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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