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LM Legendary Marketer hapter 21 Brief Exercises 11 1 points eBook Print References 1.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252 Mc Graw Hill EA-DAL 2 hours BlazerNet-JWCC Honeywell Pro-Wat... Brief Exercise
LM Legendary Marketer hapter 21 Brief Exercises 11 1 points eBook Print References 1.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252 Mc Graw Hill EA-DAL 2 hours BlazerNet-JWCC Honeywell Pro-Wat... Brief Exercise 21-12 (Algo) Indirect method [LO21-4] Sunset Acres reported net income of $57.5 million. Included in that number were trademark amortization expense of $3.0 million and a gain on the sale of land of $3.1 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $3.0 million, $4.2 million, and $4.5 million, respectively. Cash flows from operating activities Net income Adjustments for noncash effects Amortization expense Gain on sale of land Required: What were Sunset's cash flows from operating activities? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Changes in operating assets an
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