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Hey guys,
I’m a CPA candidate from NJ…taking FAR on Tuesday and just have a quick question on cash flows.
No one in Becker ever really mentions the order of the operating section of the cash flow. It seems like you put depreciation expense first then follow the balance sheet (i.e. 1) receivables 2) inventory 3) gain on sale of assets 4) payables)….am I right?
Thanks for your help and good luck to everyone!
Dan
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