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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 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

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