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Cain Incorporated reports net income of $17,200. Its comparative balance sheet shows the following changes: accounts receivable increased $8,200; inventory decreased $10,200; prepaid insurance decreased
Cain Incorporated reports net income of $17,200. Its comparative balance sheet shows the following changes: accounts receivable increased $8,200; inventory decreased $10,200; prepaid insurance decreased $3,200; accounts payable increased $5,200; and taxes payable decreased $4,200. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be Indleated by a minus sign
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