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Changes in Current Operating Assets and Liabilities—Indirect Method Blue Circle Corporation's comparative balance sheet for current...

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, Year 2 Dec. 31, Year 1
Accounts receivable $31,000 $26,700
Inventory 54,600 61,300
Accounts payable 15,600 19,500
Dividends payable 30,000 28,000

Adjust net income of $127,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Business   Accounting   
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Answer #1
Statement of Cash Flows (Partial)
Cash flow from Operating Activities
Net income 127,200
Add: Adjustments to reconcile net income to net cash provided by operating activities
Changes in current operating assets and liabilities:
Accounts receivable increase -4,300
Inventory increase decrease 6,700
Accounts payable decrease -3,900
-1,500
Net cash provided by Operating Activities $125,700

Kindly comment if you need further assistance. Thanks

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