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, 20Y2 Dec. 31, 2OY1...


I need help finding the net income...


Changes in Current Operating Assets and Liabilities-Indirect Method<br>Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:<br>Dec. 31, 20Y2<br>Dec. 31, 2OY1<br>Accounts receivable<br>$30,000<br>$29,200<br>Inventory<br>75,800<br>76,500<br>Accounts payable<br>28,000<br>26,300<br>Dividends payable<br>21,000<br>23,000<br>Adjust net income of $102,600 for changes in operating assets and liabilities to arrive at net cash flow from<br>operating activities.<br>$ 102,400 X<br>

Extracted text: 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, 20Y2 Dec. 31, 2OY1 Accounts receivable $30,000 $29,200 Inventory 75,800 76,500 Accounts payable 28,000 26,300 Dividends payable 21,000 23,000 Adjust net income of $102,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 102,400 X

Jun 10, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here