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Lincoln Ltd reported net income in its most recent year, but its cash flow statement showed a net outflow (use) of cash from operating activities.
Lincoln Ltd reported net income in its most recent year, but its cash flow statement showed a net outflow (use) of cash from operating activities. Which of the following balance sheet movements is unlikely to be a reason for this contrast?
Select one:
Accounts payable decreased during the year
Prepaid expenses at the end of the year were greater than the beginning of the year
Trade accounts receivable balance grew during the year
Inventory levels were run down substantially during the year
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