If XYZ Partnership's current tax return shows specific balance sheet entries, how much did the combined asset changes impact its operating cash flow this year?

To determine how combined asset changes impact operating cash flow, it’s essential to understand how asset changes factor into cash flow calculations. Operating cash flow is affected by changes in current assets and liabilities. An increase in current assets (like accounts receivable or inventory) indicates that more cash is tied up in those assets, which reduces cash flow. Conversely, a decrease in current assets frees up cash, thus increasing cash flow.

In this scenario, if the correct calculation yields a figure of ($1,485) for the combined asset changes' impact on operating cash flow, it suggests that the increase in assets outpaced any decreases, leading to a net reduction in operating cash flow by this amount.

This amount reflects the net effect of the changes in asset balances, indicating how much cash was not available for operations due to higher investments in current assets during the year. Understanding this relationship between balance sheet entries and cash flow is crucial in financial analysis, illustrating how operational decisions affect liquidity.