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Baxter Company reported a net income of $13,000 for the year ended December 31. During the year, accounts receivable decreased by $15,000, inventory increased
Baxter Company reported a net income of $13,000 for the year ended December 31. During the year, accounts receivable decreased by $15,000, inventory increased by $8,000, accounts payable increased by $10,000, and depreciation expense of $4,000 was recorded. The net cash flow from operating activities is: $14,000 $20,000 $34,000 $24,000
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