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Exercise 23B-7 Presented below are two independent situations. Situation A: Ivanhoe Co. reports revenues of $198,000 and oper

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Answer #1
A
Net income 89000 =198000-109000
Increase in Accounts Receivable -71200
Increase in Accounts Payable 28700
Net cash provided by Operating activities 46500
B
Cash payments to suppliers 355500 =312900+25800+16800
Cash payments for operating expenses 213100 =232000-8000-10900
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