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Suppose Jack Warner Inc. sells goods for $300, of which $200 is received in cash and $100 is on account. The goods cost $125 and
Suppose Jack Warner Inc. sells goods for $300, of which $200 is received in cash and $100 is on account. The goods cost $125 and were paid for in a previous period. They also recorded salaries and wages of $70, of which only $30 has been paid in cash. What is amount that should be reported as net cash flow from operating activities
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