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Business, 02.04.2021 01:50 jessb4110

Cain Inc. reports net income of $18,000. Its comparative balance sheet shows the following changes: accounts receivable increased $9,000; inventory decreased $11,000; prepaid insurance decreased $4,000; accounts payable increased $6,000 and taxes payable decreased $5,000. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

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Cain Inc. reports net income of $18,000. Its comparative balance sheet shows the following changes:...
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