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Business, 30.07.2020 20:01 Ellem22

Suppose your company sells services for $435 cash this month. Your company also pays $265 in salaries and wages, which includes $125 that was payable at the end of the previous month and $140 for salaries and wages of this month. Calculate the amount that should be reported as net cash flow from operating activities. Calculate the amount that should be reported as net income. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2).

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