Rachel's Recordings reported net income of $280,000. Beginning balances in Accounts Receivable and Accounts Payable...
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Accounting
Rachel's Recordings reported net income of $280,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $21,000 respectively. Ending balances in these accounts were $13,500 and $28,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be:
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