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In 20X4, Racer, Inc. had Net Income of $60,000. Depreciation expense for 20X4 was $7,000. Below are net changes in selected account balances at Racer
In 20X4, Racer, Inc. had Net Income of $60,000. Depreciation expense for 20X4 was $7,000. Below are net changes in selected account balances at Racer for 20X4: Cash decrease of $10,000 Accounts Receivable decrease of $11,000 Inventory increase of $12,000 Wages Payable decrease of $9,000 How much was Racer's net cash flow from operating activities for 20X4?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
