Question: For the current year, a firm reported net income from operations of $20,000 on its income statement and an increase of $30,000 in cash from
For the current year, a firm reported net income from operations of $20,000 on its income statement and an increase of $30,000 in cash from operations on the statement of cash flows. Explain some likely reasons for the greater increase in cash from operations than net income from operations.
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