For the current year, a firm reported net income from operations of $20,000 on its income statement

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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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Financial Reporting and Analysis Using Financial Accounting Information

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12th Edition

Authors: Charles H Gibson

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Question Posted: Jun 23, 2012 06:19 AM

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For the current year, a firm reported net income from operations of $20,000 on its income statement

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This may be the result of noncash charges for depreciation a...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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