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Rachel's Recordings reported net income of $220,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $22,000 respectively. Ending balances in these
Rachel's Recordings reported net income of $220,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $22,000 respectively. Ending balances in these accounts were $11,500 and $30,000, respectively, Assuming that all relevant information has been presented. Rachel's net cash flows from operating activities would be Multiple Choice $226,500 $220,000 $234,500 $205,500
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