contestada

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 $18,900 $18,700 Inventory 64,600 65,300 Accounts payable 20,700 20,300 Dividends payable 27,000 25,000 Adjust net income of $111,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Respuesta :

amanarsalan

Answer:

Net cash flow from operating activities is $112,500.

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES  $

Net Income     111,600

Adjustments to reconcile net income to      

net cash provided by operating activities:      

(Increase) Decrease in Current Assets:      

Accounts Receivables    (200)

Inventory      700

Increase (Decrease) in Current Liabilities:    

Accounts Payable     400

NET CASH PROVIDED BY OPERATING ACTIVITIES 112,500