Changes in Current Operating Assets and Liabilities Jasneet Corporations comparative balance sheet for current assets and liabilities
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Changes in Current Operating Assets and Liabilities
Jasneet Corporations comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year 2 | Dec. 31, Year 1 | |||
Accounts receivable | $20,200 | $22,900 | ||
Inventory | 13,000 | 10,700 | ||
Accounts payable | 10,900 | 9,400 | ||
Dividends payable | 25,100 | 30,700 |
Adjust net income of $185,000 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $_____________
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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