This question was created from Quiz 2
This question was created from Quiz 2
https://www.coursehero.com/file/13992971/Quiz-2/
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Using the information below — what was Bala Industries’ Cash Flow from Financing for the year ending 6/30/2011?
Increase in inventories $26
Purchased treasury stock $22
Purchased property & equipment $20
Net Income $330
Decrease in accrued income taxes $46
Depreciation & amortization $113
Decrease in accounts payable $12
Increase in accounts receivable $25
Increase in Long-term debt $106
Answer:
93 (84.00)
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LD – TS
I got the answer wrong 93. The correct answer is (84). Can you please break down the solution ?
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