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A house painting business had revenues of $17,300 and expenses of $10,300. There were no depreciation expenses and no taxes. However, the business reported the
A house painting business had revenues of $17,300 and expenses of $10,300. There were no depreciation expenses and no taxes. However, the business reported the following changes in working capital: |
Beginning | End | |
Accounts receivable | $2,500 | $5,800 |
Accounts payable | 960 | 430 |
Calculate net cash flow for the business for this period. |
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