The net operating profit of Luke Ltd was $31 000. Depreciation expense was $10 000 and gain
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The net operating profit of Luke Ltd was $31 000. Depreciation expense was $10 000 and gain on sale of equipment $2000. Accounts receivable increased by $15 000 and inventory decreased by $7000. Accounts payable decreased by $8000. What was the cash flow from operations?
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Related Book For 
Fundamentals Of Accounting And Financial Management
ISBN: 9780170454797
8th Edition
Authors: Professor Ken Trotman, Kerry Humphreys
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