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1) NT company begins 2022 with $100 of inventory. The company purchases $130 of inventory and records cost of goods sold equal to $125. In
1) NT company begins 2022 with $100 of inventory. The company purchases $130 of inventory and records cost of goods sold equal to $125. In cash from operations section of the companies statement of cash flows, what is the adjustment the company makes relating to the change in inventory. Use a positive number for increase in cash and a negative number for a decrease in cash.
2) When a company repurchases its own common stock, what account is credited?
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