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Business, 11.03.2020 22:18 guzmangisselle

Cain Inc. reports net income of $16,000. Its comparative balance sheet shows the following changes: accounts receivable increased $7,000; inventory decreased $9,000; prepaid insurance decreased $2,000; accounts payable increased $4,000 and taxes payable decreased $3,000. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

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Cain Inc. reports net income of $16,000. Its comparative balance sheet shows the following changes:...

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