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Ashford's Company has an accrual basis net income of $270,000 in 2019 and the following related items: Depreciation expense $57,000 Accounts receivable increase 18.000 Inventory
Ashford's Company has an accrual basis net income of $270,000 in 2019 and the following related items: Depreciation expense $57,000 Accounts receivable increase 18.000 Inventory decrease 21,000 Accounts payable decrease 12,000 How much is Ashford's net cash flow from operating activities in 2019? Select one: A. 5186,000. B. 5318,000 C. 5261,000 D. $303,000
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Auditing A Risk Analysis Approach
Authors: Larry F. Konrath
5th Edition
032405789X, 9780324057898
