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28. White Flag, a women's clothing manufacturer, reported salaries expense of $20 million. The beginning balance of salaries payable was $3 million, and the ending
28. White Flag, a women's clothing manufacturer, reported salaries expense of $20 million. The beginning balance of salaries payable was $3 million, and the ending balance of salaries payable was $1 million how much cash did the company pay in salaries? a. $18 million d. $21 million e. $22 million 30. Based on the following information for star inc., what are the total net adjustments that the company would make to net income in order to derive operating cash flow? net sales 168,3 73.2 cost of goods sold accounts receivable inventory accounts payable 175.9 68.3 47.8 39.0 20.3 22.9 Year ended income statement item 12/31/2018 net income $20 million depreciation $ 2 million balance sheet item 12/31/2017 12/31/2018 accounts receivable $25 million $22 million change ($3 million) $4 million $14 million $10 million $ 8 million $13 million $5 million inventory accounts payable add $2 million b. add $6 million subtract $6 million. a. C
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