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Business, 04.03.2021 21:20 jay8682

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
$25,200
$21,200
Inventory
58,700
69,000
Accounts payable
12,500
16,000
Dividends payable
24,000
25,000
Adjust net income of $112,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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