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12. Identify fundamental tax principles ABTR_5C. XYZ Partnership submitted a current tax return showing the following balance sheet entries. Balance Sheet Beginning of Tax Year
12. Identify fundamental tax principles ABTR_5C. XYZ Partnership submitted a current tax return showing the following balance sheet entries. Balance Sheet Beginning of Tax Year End of Tax Year Accounts Receivable $5,675 $8,905 Inventory 15,450 13,360 Other Current Assets 2,105 2,450 Based on the entries above, how much did the combined asset changes impact the partnership'soperating cash flow in the current year? a)_($3,575) b)_($1,745) c) ($1,485) d) ($1,140)
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