Huluduey Corporations comparative balance sheet for current assets and liabilities was as follows: Adjust net income of

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Huluduey Corporation€™s comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, 20Y2 $17,500 Dec. 31, 20Y1 Accounts receivable Inventory Accounts payable Dividends payable $12,500 44,200 5,10


Adjust net income of $75,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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