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Lino Company's worksheet for the preparation of its 20X1 statement of cash flows included the following information: Accounts receivable Allowance for uncollectible accounts Prepaid
Lino Company's worksheet for the preparation of its 20X1 statement of cash flows included the following information: Accounts receivable Allowance for uncollectible accounts Prepaid rent expense Accounts payable December 31 $29,000 January 1 $23,000 1,000 800 8,200 22,400 12,400 19,400 Lino's 20X1 net income is $150,000. Required: What amount should Lino include as net cash that is provided by operating activities in the statement of cash flows? Cash flow from operations
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