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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, 2014 Dec.
Changes in Current Operating Assets and LiabilitiesIndirect Method
Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2014 Dec. 31, 2013
Accounts receivable $19,800 $23,000
Inventory $80,800 $72,800
Accounts payable $19,000 $23,800
Dividends payable $19,000 $18,000
Adjust net income of $83,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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