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Cash flows from operating activities

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Sage Corporation's comparative balance sheet for current assets and liabilities was as follows:

 

Dec. 31, 2008

Dec. 31, 2007

Accounts receivable

$12,000

$14,000

Inventory

9,000

6,500

Accounts payable

8,500

7,200

Dividends payable

24,000

26,000

Adjust net income of $110,000 for changes in operating assets and liabilities to arrive at cash flows from operating activities.

Reference no: EM13516686

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