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PLEASE ANSWER IN BOLD NUMBERS AT THE END. READ INSTRUCTIONS CAREFULLY ! I HAVE BEEN GETTING MANY WRONG ANSWERS IN THE ACCOUNTING SUBJECT FROM THIS
PLEASE ANSWER
IN BOLD NUMBERS AT THE END. READ INSTRUCTIONS CAREFULLY !
I HAVE BEEN GETTING MANY WRONG ANSWERS IN THE ACCOUNTING SUBJECT FROM THIS WEBSITE!!!
Use the income statement and the list of changes to answer the question. Hopewell Corporation Income Statement January 1 to December 31, 2018 (amounts in thousands) Revenue Cost of Goods Sold (COGS) Gross Income Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income 6,400 1,280 5,120 640 1,100 600 2,780 80 2,700 1,080 1,620 Income Taxes Net Income Between January 1 and December 31, 2018: 1. Accounts Receivable decrease by $400,000 2. Accounts Payable decrease by $100,000 3. Gross Property, plant, & Equipment increase by $7,800,000 4. Long Term Debt increases by $200,000 Assume no other changes What is the Net Cash Flow? Please specify your answer in the same units as the income statementStep by Step Solution
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