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Question Content AreaNet income for the year was $ 2 9 , 5 0 0 . Accounts receivable increased $ 2 , 5 0 0

Question Content AreaNet income for the year was $

29, 500 .

Accounts receivable increased $

2, 500,

and accounts payable increased $

5, 400 .

There were no other changes in noncash current assets and liabilities. Under the indirect method, the cash flow from operations is $

32, 400 .

True

False

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