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Material Type: Assignment; Professor: Bezik; Class: INTERMEDIATE ACCOUNTING I; Subject: Accounting; University: Idaho State University; Term: Unknown 2009;
Typology: Assignments
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For the year ended 12-31-08, Y-ME Co. had a Net Cash Flow (Cash-in less Cash-
the "paper adjustments" to get to Net Income. For each item, explain why the Net Cash Flow number must be “adjusted”. DON’T just say something like “Because Accounts Receivable INCREASED”. Instead, say something like “This represents a CURRENT PERIOD REVENUE, but there was no Cash inflow included in this period’s Net Cash Flow”. Balance at Balance at 12-31-08 12-31-