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In 2010 the sales revenue was $100, cost of goods sold $60, depreciation $15, and net income $12. 1/1/10 balances on current accounts were Cash $7, Accounts Receivable $11, Inventory $16, and Accounts Payable $4. 12/31/10 balances on current accounts were Cash $9, Accounts Receivable $9, Inventory $20, and Accounts Payable $9. Determine the cash flow from operations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956306

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