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(Solved) (Latest ver. Aug 2020) - Operating Activities

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The following information is available for ABC Company for the first month of the year.

Revenues $20,000
Expenses $ 7,500
Increase in accounts receivable $ 500
Increase in inventory $ 1,100
Decrease in supplies $ 300
Decrease in accounts payable $ 1,600
Decrease in wages payable $ 850
Depreciation expense $ 2,230

Determine the cash flow from operating activities.


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This question was answered on: Sep 16, 2020

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