Question
Consider the following excerpt from the Statement of Cash Flows, then select the most correct answer: Cash Flows from Operations Net Income Depreciation Loss
Consider the following excerpt from the Statement of Cash Flows, then select the most correct answer: Cash Flows from Operations Net Income Depreciation Loss on Sale of Chicago Facility Gain on Sale of Detroit Facility Changes in Current 12/31/2021 12/31/2020 $ 450,083 $ (44,598) 23,074 24,009 4,666 (9,644) Assets and Liabilities: Accounts Receivables 3,456 6,998 Inventories (9,993) 4,392 Accounts Payable (4.533) (5,689) Income Taxes Payable 5.332 5.312 NET CASH INFLOW/(OUTFLOW) $ 472.085 $ (19.220) FROM OPERATIONS The Accounts Receivables balance on the Balance Sheet increased during 2021 There was an outflow of cash in Accounts Receivable during 2021 Sales on credit were higher in 2022 than in 2021 The Accounts Receivables balance on the Balance Sheet decreased during 2021
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