Collecting receivables will cause cash to ______________ .
Correct Answer: increase
Explanation:
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In 2007, XYZ Company had a net income of $150,000 and reported the following: Depreciation expense: $21,000 Issuance of debt: $120,000 Loss on sale of equipment: $23,000 Purchase of building: $110,000 Increase in inventory: $12,000 Given this data, the amount of cash flow from operations was ______________.
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The most popular method of presenting cash from operations in a cash flow statement is the _________________.
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