Changes in Current Operating Assets and Liabilities—Indirect MethodMohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $20,800 $19,900 Inventory 72,000 72,700 Accounts payable 20,700 19,800 Dividends payable 17,000 18,000 Adjust net income of $81,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1...

Changes in Current Operating Assets and Liabilities—Indirect Method

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

Adjust net income of $81,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

Jun 10, 2022