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Business, 26.06.2020 16:01 carolynhstevens

Cain Inc. reports net income of $16,800. Its comparative balance sheet shows the following changes: accounts receivable increased $7,800; inventory decreased $9,800; prepaid insurance decreased $2,800; accounts payable increased $4,800 and taxes payable decreased $3,800. 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 $16,800. Its comparative balance sheet shows the following changes:...
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