ANSWERS TO QUESTIONS

Constantine Cavamanlis Inc. Statement of Cash Flows For the Year Ended December 31, 2007 Cash flows from operating activities Net income $44,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $ 6,000 Increase in accounts receivable (3,000) Increase in accounts payable 5,000 8,000 Net cash ... ................
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