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Innovative Products reported net income of $219,000. Beginning and end inventory balances were 500 and $48 respectively. Accounts Payable balances at the beginning and end
Innovative Products reported net income of $219,000. Beginning and end inventory balances were 500 and $48 respectively. Accounts Payable balances at the beginning and end of the year were $40,000 and $36,000, respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of $224,000. $222,000. $216,000. $214,000
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