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Question Content Area Fortune Corporations comparative balance sheet showed noncash current assets and liabilities as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts
Question Content Area
Fortune Corporations comparative balance sheet showed noncash current assets and liabilities as follows:
Dec. 31, Year 2 | Dec. 31, Year 1 | |
Accounts receivable | $7,141 | $4,564 |
Merchandise inventory | 9,540 | 14,076 |
Accounts payable | 4,214 | 6,367 |
Dividends payable | 4,966 | 2,536 |
Adjust Year 2 net income of $50,736 for changes in current operating assets and liabilities to arrive at net cash flows from operating activities using the indirect method. $ fill in the blank 1
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