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Net Income: $11,600,000 Depreciation Expense: $550,000 Increase in Accounts Receivable: $250,000 Decrease in Inventory: $150,000 Purchase of Equipment: $1,050,000 Question: Perform a variance analysis to
- Net Income: $11,600,000
- Depreciation Expense: $550,000
- Increase in Accounts Receivable: $250,000
- Decrease in Inventory: $150,000
- Purchase of Equipment: $1,050,000
- Question: Perform a variance analysis to compare actual cash flow from operating activities with budgeted or forecasted values, identifying key drivers of variance related to changes in working capital components, using the provided financial data.
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
