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A house painting business had revenues of $16,200 and expenses of $9,200. There were no depreciation expenses and no taxes. However, the business reported the
| A house painting business had revenues of $16,200 and expenses of $9,200. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital: |
| Beginning | End | |
| Accounts receivable | $1,400 | $4,700 |
| Accounts payable | 740 | 320 |
| Calculate net cash flow for the business for this period. |
| Net cash flow | $ |
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
11th Edition
1032241829, 978-1032241821
