Solved: Sunset acres reported net income of 580 million what were, Accounting Basics

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Sunset acres reported net income of 580 million what were

Question - Sunset Acres reported net income of $58.0 million. Included in that number were trademark amortization expense of $2.7 million and a gain on the sale of land of $1.4 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.6 million, $2.6 million, and $3.6 million, respectively. What were Sunset's cash flows from operating activities?

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Accounting Basics: Sunset acres reported net income of 580 million what were

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