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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
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 $22,800 of services on account, and (2) he purchased $3,300 of supplies on account. There were $1,050 of supples on hand as of December 31 , Year 1. d. Explain why the amounts of net Income and net cash flow from operating activitles differ
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