Question
Please help solving this, thank you!!! Changes in Current Operating Assets and LiabilitiesIndirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was
Please help solving this, thank you!!!
Changes in Current Operating Assets and LiabilitiesIndirect Method
Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:
| Dec. 31, 20Y2 | Dec. 31, 20Y1 | |||
| Accounts receivable | $18,700 | $18,300 | ||
| Inventory | 52,000 | 52,700 | ||
| Accounts payable | 15,000 | 14,500 | ||
| Dividends payable | 29,000 | 27,000 | ||
Adjust net income of $124,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
