A house painting business had revenues of ($16,000) and expenses of ($9,000.) There were no depreciation expenses.

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A house painting business had revenues of $$16,000$ and expenses of $$9,000.$ There were no depreciation expenses. However, the business reported the following changes in various components of working capital: image text in transcribed

Calculate net cash flow for the business for this period.

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Fundamentals Of Corporate Finance

ISBN: 9780072416275

3rd Edition

Authors: Richard A. Brealey

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Question Posted: Jun 05, 2024 01:06 AM

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A house painting business had revenues of ($16,000) and expenses of ($9,000.) There were no depreciation expenses.

Question:

Beginning End Accounts receivable Accounts payable $1,200 $4,500 600 200

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Fundamentals Of Corporate Finance

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