Huluduey Corporation\'s comparative balance sheet for current assets and liabilt

Question

Huluduey Corporation's comparative balance sheet for current assets and liabilties was as follows Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable Inventory Accounts payable Dividends payable $32,350 18,640 15,940 51.,460 $27,670 15,960 14,650 48,000 Adjust net income of $213,480 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required nt Descriptions Adjust net income or $213,480 for changes in operating assets and liabilities to arrive at net cesh flow from operating activities, Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required Cash paid for dividends Decrease in accounts payable Decrease in accounts receivable Decrease in dividends payable Decrease in inventory Increase in accounts payable Ihcrease in accounts receivable Increase in dividends payable Increase in inventory Net cash flow from operating activties 1 Net income 2 Adjustments to reconcile net income to net cash flow from operating activities. 3 Changes in current operating assets and Liabilities:

Explanation / Answer

Calculate cash flow from operating activities :

Net income 213480 Adjustment to reconcile net income to net cash flow from operating activities Changes in current assets and liabilities : Increase account receivable (4680) Increase inventory (2680) Increase account payable 1290 Net cash flow from operating activities 207410

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.