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Huluduey Corporations comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $33,340 $27,830
Huluduey Corporations comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year 2 | Dec. 31, Year 1 | |
Accounts receivable | $33,340 | $27,830 |
Inventory | 18,140 | 15,290 |
Accounts payable | 15,680 | 13,780 |
Dividends payable | 52,490 | 49,220 |
Adjust net income of $198,140 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.
eBook Show Me How Calculator Print Item Changes in current operating assets and liabilities-indirect method Reconciliation of Net Income Instructions Reconciliation of Net Income adjustments, if required 1 Net income 5198.140.00 Adjustments to reconcile net income to net cash flow from operating activities 2 Changes in current operating assets and liabilities 3 Decrease in accounts receivable 4,680.00 Increase in inventory (2.850.00) Increase in accounts payable 1,900.00 Net cash flow from operating activities $207,410.00 Check My WorkStep by Step Solution
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