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Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: djust net income of $122,400 for changes in operating assets and liabilities
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:
djust net income of $122,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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, 2011 Accounts receivable $14,700 $13,400 Inventory 52,900 53,600 Accounts payable 22,700 21,200 Dividends payable 29,000 27,000 Adjust net income of $122,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 123,600 xStep by Step Solution
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