Changes in current operating assets and liabilitiesindirect method Obj. 2 Alpenrose Corporations comparative balance sheet for current
Question:
Changes in current operating assets and liabilities—indirect method Obj. 2 Alpenrose Corporation’s comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $27,000 $32,400 Inventory 18,000 15,480 Accounts payable 16,200 14,220 Dividends payable 49,500 53,100 Adjust net income of $207,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
Question Posted: