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Please help me with my HW...... Cash Flow Statement Homework Suppose Lynx.inc had a one-month net income of $3,000 in January 2019, after one month
Please help me with my HW......
Cash Flow Statement Homework Suppose Lynx.inc had a one-month net income of $3,000 in January 2019, after one month of operations. Lynx.inc had a December 31, 2018 (starting) cash balance of $1,000, and a cash balance of $1,000 in February 1, 2019 (ending). During January, accounts receivable (AR) increased by $4,000, and accounts payable (AP) decreased by $1,000. Determine the net cash from operations to reconcile the difference between the starting and ending cash balance. To report your answer, fill in the cells (shaded in green) belowStep by Step Solution
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