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Use the Instructions to complete the Reconcilliation Instructions Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2
Use the Instructions to complete the Reconcilliation
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 Inventory Accounts payable Dividends payable $32,170 18,460 16,640 54,170 $26,970 16,000 14,790 49,040 Adjust net income of $205,540 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 requiredStep by Step Solution
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