A monthly income statement reported net income of $80,000. Inventory for resale increased by $14,000. Accounts payable

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A monthly income statement reported net income of $80,000. Inventory for resale increased by $14,000. Accounts payable increased by

$16,000. Using only these three items, determine the net cash flow from operations, indirect method.

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Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

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Question Posted: Jun 28, 2024 10:06 AM

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A monthly income statement reported net income of $80,000. Inventory for resale increased by $14,000. Accounts payable

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Hospitality Management Accounting

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