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Vernon Brands, Incorporated, presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Vernon's Year 2
Vernon Brands, Incorporated, presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Vernon's Year and Year yearend balance sheets. Assume that Accounts Payable is used for purchases of inventory only.
tableAccount Title,Year Accounts receivable,$
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