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

Question

Huluduey Corporation's comparative balance sheet for current assets and lablities 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 ooerating activites 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. Adjust net income of $213,480 for changes in operating assets and liabilities to arrive at net cash flow from goerating activities Refer to the Amount Descriptions list provided for the exact 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 activities 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 1 Net income 2Adjustments to reconcile net income to net cash ftow from operating activities 3 Changes in current operating assets and liabilities: Increase in accounts receivable 5 Increase in inventory 6Increase in accounts payable (4680.00) (2,680.00) 1,290.00 Net cash flow from operating activities

Explanation / Answer

Calculate net cash flow from operating activities :

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

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