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It is correct grad to say that Cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal
It is correct
grad
to say that Cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual\ contribution to retained earnings,
$869,437
and
$1,133,180
, respectively. This is because\ of the items reported in the income\ statement involve payments and receipts of cash.
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