Zwilling Corporation's comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, Year 2 Dec. 31, Year 1

Accounts receivable $27,830 $33,340

Inventory 18,140 15,290

Accounts payable 15,680 13,780

Dividends payable 49,220 52,490

Adjust net income of $198,140 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.

Question

Karson Clements

Business

Today, 06:29

Zwilling Corporation's comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, Year 2 Dec. 31, Year 1

Accounts receivable $27,830 $33,340

Inventory 18,140 15,290

Accounts payable 15,680 13,780

Dividends payable 49,220 52,490

Adjust net income of $198,140 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.

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Answers (1)

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Perla Shaw · Answer 1

Answer: $202,700

Explanation:

Given that,

Dec. 31, Year 2 Dec. 31, Year 1

Accounts receivable $27,830 $33,340

Inventory $18,140 $15,290

Accounts payable $15,680 $13,780

Dividends payable $49,220 $52,490

Adjust net income = $198,140

Net cash flow from operating activities:

= Net income + Decrease in Accounts receivable - Increase in inventory + Increase in accounts payable

= $198,140 + $5,510 - $2,850 + $1,900

= $202,700