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Changes in Current Operating Assets and Liabilities—Indirect Method Victor Corporation's comparative balance sheet for current assets...

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, Year 2 Dec. 31, Year 1
Accounts receivable $15,000 $12,600
Inventory 58,400 68,700
Accounts payable 12,900 16,100
Dividends payable 21,000 20,000

Adjust net income of $88,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
$

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Page No.: youva Date: ANSWER. Cash flow from Statement. operating Activities - Net cash flow Net Income Increase in Accounts

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