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Required information [The following information applies to the questions displayed below] Sye Chase started and operated a small family architectural firm in Year 1. The

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Required information [The following information applies to the questions displayed below] Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $15,100 of services on account, and (2) he purchased $7,200 of supplies on account. There were $1,150 of supplies on hand as of December 31, Year 1. d. Explain why the amounts of net income and net cash flow from operating activities differ

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