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A house painting business had revenues of $16,100 and expenses of $9,100 last summer. There were no depreciation expenses. However, the business reported the following
A house painting business had revenues of $16,100 and expenses of $9,100 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: |
Beginning | End | |
Accounts receivable | $1,300 | $4,600 |
Accounts payable | 720 | 310 |
Calculate net cash flow for the business for this period. |
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