It is correct grad to say that Cold Goose's net inflows and outflows of...
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Accounting
It is correct
grad to say that Cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual\ contribution to retained earnings,
$869,437 and
$1,133,180, respectively. This is because\ of the items reported in the income\ statement involve payments and receipts of cash.
It is correct
gradto say that Cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual\ contribution to retained earnings,
$869,437and
$1,133,180, respectively. This is because\ of the items reported in the income\ statement involve payments and receipts of cash.
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