Question
Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2Dec. 31, Year 1 Accounts receivable$32,350$27,670Inventory18,64015,960Accounts payable15,94014,650Dividends payable51,46048,000 Adjust
Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year 2Dec. 31, Year 1Accounts receivable$32,350$27,670Inventory18,64015,960Accounts payable15,94014,650Dividends payable51,46048,000Adjust net income of $213,480 for changes in operating assets and liabilities to arrive at netcash 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.
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