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Business, 13.07.2021 16:50 chem1014

Siam Traders had Net Income for 2020 of $9,500,000. The firm invested $1,000,000 in manufacturing equipment during 2019 but made no additional capital investments in 2020. The equipment is being depreciated over five years using straight-line depreciation, starting in 2019. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2020 with amounts in thousands. Required:
What is the Net Cash Flow in 2020?

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Siam Traders had Net Income for 2020 of $9,500,000. The firm invested $1,000,000 in manufacturing eq...

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