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Exercise 4-16A Calculate operating cash flows (LO4-7) Below are cash transactions for Goldman Incorporated, which provides co

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Answer #1
Cash flows from operating activities:
Cash receipts:
Cash provided from consulting to customers 41,100
Cash payments:
Cash used for purchase of office supplies -1,450
Cash used for payment of employee salaries -23,100
Cash used for payment of office rent -11,100
Cash used to pay office utilities -3,400
Cash flows from operating activities $2,050

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