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Student Painters had revenues of $17,700 and expenses of $10,700 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Accounts receivable Accounts payable Beginning of Year $ 2,900 1,040 End of Year $ 6,200 470 Calculate net cash flow for the business for this period. Net cash flow

Student Painters had revenues of $17,700 and expenses of $10,700 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Accounts receivable Accounts payable Beginning of Year $ 2,900 1,040 End of Year $ 6,200 470 Calculate net cash flow for the business for this period. Net cash flow

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 14M
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Student Painters had revenues of $17,700 and expenses of $10,700 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Accounts receivable Accounts payable Beginning of Year $ 2,900 1,040 End of Year $ 6,200 470 Calculate net cash flow for the business for this period. Net cash flow
Transcribed Image Text:Student Painters had revenues of $17,700 and expenses of $10,700 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Accounts receivable Accounts payable Beginning of Year $ 2,900 1,040 End of Year $ 6,200 470 Calculate net cash flow for the business for this period. Net cash flow
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