The net income for the year for Genesis, Inc. is $750,000, but the statement of cash flows

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The net income for the year for Genesis, Inc. is $750,000, but the statement of cash flows reports that the cash provided by operating activities is $640,000. What might account for the difference?

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 11, 2010 02:14 AM

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The net income for the year for Genesis, Inc. is $750,000, but the statement of cash flows

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The difference between these two amounts may be due to increases in current asset...View the full answer

Intermediate Accounting

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