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Net Income: $14,900,000 Depreciation Expense: $600,000 Increase in Accounts Receivable: $200,000 Decrease in Inventory: $300,000 Purchase of Equipment: $1,200,000 Question: Assess the accuracy of previous
- Net Income: $14,900,000
- Depreciation Expense: $600,000
- Increase in Accounts Receivable: $200,000
- Decrease in Inventory: $300,000
- Purchase of Equipment: $1,200,000
- Question: Assess the accuracy of previous cash flow forecasts by comparing them to actual results, focusing on the impact of changes in working capital components and identifying areas for improvement, using the provided financial information.
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
