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Assume the following information from the financial statements of ReStateM Company:
Net income $10,000
Depreciation expense $3,000
Salaries expense $5,000
Deferred income taxes $2,000
Change in accounts receivable $4,000
Change in accounts payable -$5,000
Change in inventory -$2,000
Capital expenditures $4,000
The change in net working capital for ReStateM Company is:
Contract
An agreement between two or more parties creating obligations that are enforceable by law.
U.S. and Foreign Country
A diplomatic, economic, or cultural relationship between the United States and another sovereign nation.
Stare Decisis
A legal principle that dictates courts should follow the precedent set by previous decisions when resolving similar cases to ensure consistency and predictability in the law.
American Legal System
The legal framework consisting of both federal and state laws, including statutes, regulations, and court decisions.
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