Cash flows from operating activities

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

 

Dec. 31, 2009

Dec. 31, 2008

Accounts receivable

$ 6,500

$ 4,900

Inventory

12,300

15,000

Accounts payable

4,800

5,200

Dividends payable

5,000

4,000

Adjust net income of $70,000 for changes in operating assets and liabilities to arrive at cash flows from operating activities.

Reference no: EM13516701

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