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adjust net income of 240 000 for changes in operating assets and liabilities to arri 554528

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:

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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.

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