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Student Painters had revenues of $16,000 and expenses of $9,000 last summer. There were no depreciation expenses. However, the business reported the following changes in
Student Painters had revenues of $16,000 and expenses of $9,000 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:
Beginning of Year End of Year Accounts receivable
$ 1,200 $ 4,500
Accounts payable
700 300
Calculate net cash flow for the business for this period.
Net cash flow =
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