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Adjust net income for changes in operating asset

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Question - Changes in Current Operating Assets and Liabilities-Indirect Method - Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:

 

Dec. 31, 20Y2

Dec. 31, 20Y1

Accounts receivable

$20,600

$20,100

Inventory

74,600

75,300

Accounts payable

26,700

26,200

Dividends payable

31,000

29,000

Required - Adjust net income of $129,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Reference no: EM133077331

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