PE 16-3B Changes in current operating assets and liabilities—indirect method
Dali Corporation’s comparative balance sheet for current assets and liabilities was as follows:
|
Dec. 31, 2013 |
Dec. 31, 2012 |
|
|
Accounts receivable |
$25,500 |
$20,400 |
|
Inventory |
49,300 |
42,075 |
|
Accounts payable |
39,100 |
29,325 |
|
Dividends payable |
11,900 |
15,300 |
Adjust net income of $240,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.