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Net Income: $12,000,000 Depreciation Expense: $800,000 Increase in Accounts Receivable: $300,000 Decrease in Inventory: $400,000 Purchase of Equipment: $1,500,000 Question: Explain the impact of the
- Net Income: $12,000,000
- Depreciation Expense: $800,000
- Increase in Accounts Receivable: $300,000
- Decrease in Inventory: $400,000
- Purchase of Equipment: $1,500,000
- Question: Explain the impact of the increase in accounts receivable and the decrease in inventory on the company's cash flow from operating activities, considering the provided financial data.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry Wolk, James Dodd, John Rozycki
8th edition
1412991692, 978-1412991698
