Question

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

	Dec. 31, 20Y2		Dec. 31, 20Y1
Accounts receivable	$19,700		$18,700
Inventory	70,700		71,400
Accounts payable	29,100		27,400
Dividends payable	17,000		18,000

Adjust net income of $83,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

$_____?

Answer 1

Answer: -

Net cash flow from operating activity

$ 84700.

Explanation: -

Details	Amount ​​​​​($)	Amount ($)
Cash flow from operating Activities:
Net Income		83,300
Adjustments to reconcile net income to net cash flow from operating Activities: -
changes in current operating assets & liabilities: -
Increase in Account receivable	(1000)
Decrease in inventory	700
Increase in Account payable	1700	1400
Net cash provided by operating Activities		$ 84700