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ABC Company reported total sales revenue of $80,000 and total expenses of $72,000 for the year ended December 31, 20X. During 20X, trade receivables increased by $3,000, merchandise inventory decreased by $2,000, trade payables increased by $1,000, and $5,000 in depreciation expense was recorded. Assuming no other adjustments to profit are needed, what was the net cash inflow from operating activities?
Problem-Solving
The process of identifying a problem, developing potential solutions, and implementing a solution to overcome an obstacle or challenge.
Rovee-Collier
A reference to Carolyn Rovee-Collier, known for her research in infant memory and learning capabilities.
Experiment
A research method in which the researcher adds one variable (called the independent variable) and then observes the effect on another variable (called the dependent variable) in order to learn if the independent variable causes change in the dependent variable.
Memory Session
A period dedicated to memorizing or recalling information from one's past experiences.
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