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Operating Cash Flows (Direct Method) Lincoln Company owns no plant assets and reported the following income statement for the current year: Additional balance sheet information

image text in transcribedimage text in transcribed Operating Cash Flows (Direct Method) Lincoln Company owns no plant assets and reported the following income statement for the current year: Additional balance sheet information about the company follows: Calculate the net cash flow from operating activities using the direct method. Show a related cash flow for each revenue and expense. Use a negative sign with your answer to show that a change in account reduced cash received or cash paid. Do not use negative signs for this portion of the

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