Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $29,600 $29,100 Inventory 71,500 72,200 Accounts payable 20,700 19,900 Dividends payable 17,000 18,000 Adjust net income of $82,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 82,500 Feedback Check My Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes would have on cash. For example if accounts receivable has increase does that mean the company has collected more cash or less cash? If accounts payable has decreased does that mean the company has more cash or less cash