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Net Income: $14,000,000 Depreciation Expense: $600,000 Increase in Accounts Receivable: $200,000 Decrease in Inventory: $300,000 Purchase of Equipment: $1,200,000 Question: Highlight the effects of changes
- Net Income: $14,000,000
- Depreciation Expense: $600,000
- Increase in Accounts Receivable: $200,000
- Decrease in Inventory: $300,000
- Purchase of Equipment: $1,200,000
- Question: Highlight the effects of changes in working capital components (accounts receivable and inventory) on the company's cash flow from operating activities, based on the provided financial information.
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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
