The accountant of Lobb Co is preparing a statement of cash flows and has identified...
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Accounting
The accountant of Lobb Co is preparing a statement of cash flows and has identified the following amounts: Depreciation of $45,000 An increase in inventory levels of $80,000 A decrease in trade receivables of $65,000 A decrease in trade payables of $22,000 What is the net effect of these amounts when reconciling from profit before tax to cash generated from operations?
$8,000
$38,000
$52,000
$82,000
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