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eBook Show Me HowPrint Item Question Content Area Changes in current operating assets and liabilities indirect method Mohammed Corporation's comparative balance sheet for current assets

eBook Show Me HowPrint Item
Question Content Area
Changes in current operating assets and liabilitiesindirect method
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:
Line Item Description Dec. 31,20Y2 Dec. 31,20Y1
Accounts receivable $26,000 $25,100
Inventory 66,90067,600
Accounts payable 22,50020,700
Dividends payable 25,00023,000
Adjust net income of $102,500 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.
fill in the blank 1 of 1$
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