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Alpha Beta Company reported net income of $420,000. Beginning balances in Accounts Receivable and Accounts Payable were $20,000 and $28,000, respectively. Ending balances in
Alpha Beta Company reported net income of $420,000. Beginning balances in Accounts Receivable and Accounts Payable were $20,000 and $28,000, respectively. Ending balances in these accounts were $12,000 and $22,000, respectively. Based on the given information what is Alpha Beta's "net cash flows" from operating activities (O.A.)?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
