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

Changes in Current Operating Assets and Liabilities—Indirect Method

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

Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $15,700 $14,400
Inventory 52,400 53,100
Accounts payable 11,100 9,600
Dividends payable 25,000 27,000

Adjust net income of $124,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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