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Instructions Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $31.790
Instructions Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $31.790 $26,140 Inventory 17,310 15,380 Accounts payable 16.750 14,210 Dividends payable 51,830 47,070 Adjust net income of $201,050 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 Amount Descriptions Cash paid for dividends Decrease in accounts payable Decrease in accounts receivable Decrease in dividends payable Decrease in inventory Increase in accounts payable Increase in accounts receivable Increase in dividends payable Increase in inventory Net cash flow from operating activities Reconciliation of Net Income Adjust net income of $201.050 for changes in operating assets and abilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions 1st 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 1 Net income 2 Adjustments to reconcile net income to net cash flow from operating activities: 5. Changes in current operating assets and liabilities: 4 5 6 7
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