Solution-Cash flows from operating activities

Cash flows from operating activities

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Reference no: EM13516701

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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Cash flows from operating activities

Reference no: EM13516701

Reference no: EM13516701

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