Question
Mary's Music Store reported net income of $137,000. Beginning balances in Accounts Receivable and Accounts Payable were $26500 and $18500 respectively. Ending balances in these
Mary's Music Store reported net income of $137,000. Beginning balances in Accounts Receivable and Accounts Payable were $26500 and $18500 respectively. Ending balances in these accounts were $34500 and $13400, respectively. Assuming that all relevant information has been presented, Mary's net cash flows from operating activities would be:
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Accounting Information For Decisions
Authors: Robert Ingram, Thomas L. Albright, Bruce A. Baldwin, John Hill
1st Edition
0538815388, 978-0538815383
