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Q1) Candy canes, inc, spends $100,000 to purchase sigar and peppermint in April. It makes its candy and sells it to distributors in May for $150,000, but it doesn't get payment until June. For month, determine firm's sales, net income, and net cash flow.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M916907

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