Question: Answer this question and show work Rachel's Recordings reported net income of $230,000. Beginning balances in accounts receivable and accounts payable were $15,000 and $22,000
Rachel's Recordings reported net income of $230,000. Beginning balances in accounts receivable and accounts payable were $15,000 and $22,000 respectively. Ending balances in these accounts were $8, 500 and $30,000, respectively. Assuming that all relevant information has been presented. Rachel's cash flows from operating activities would be: $244, 500 $230,000. $236, 500 $215, 500
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