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eBook Show Me How Question Content Area Changes in Current Operating Assets and LiabilitiesIndirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities
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Changes in Current Operating Assets and LiabilitiesIndirect Method
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, 20Y2 | Dec. 31, 20Y1 | |||
Accounts receivable | $23,800 | $23,400 | ||
Inventory | 57,900 | 58,600 | ||
Accounts payable | 28,300 | 27,200 | ||
Dividends payable | 16,000 | 17,000 |
Adjust net income of $75,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $fill in the blank 1
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