Hamada Company sales for 2018 totaled $162,000 and purchases totaled $88,000. Selected balances as of January 1,

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Hamada Company sales for 2018 totaled $162,000 and purchases totaled $88,000.

Selected balances as of January 1, 2018 were:

accounts receivable, $19,200;

inventory, $15,300;

accounts payable, $11,000.

December 31, 2018, the balances were:

accounts receivable, $15,900;

inventory, $18,100;

accounts payable, $13,800.

What were the net cash flows from these activities?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Aug 01, 2023 06:05 AM

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Hamada Company sales for 2018 totaled $162,000 and purchases totaled $88,000. Selected balances as of January 1,

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To calculate the net cash flows from operating investing and financing activities we need to use the ... View the full answer

Accounting concepts and applications

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