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Sundown Enterprises had the following for the year ended 20XX: Net Loss ($50,000) Depreciation $125,000 Decrease in Inve...

Sundown Enterprises had the following for the year ended 20XX: Net Loss ($50,000) Depreciation $125,000 Decrease in Inventories $300,000 Decrease in Gross Fixed Assets $400,000 Increase in Notes Payable $249,000 Decrease in Long Term Debt $1,000,000 What was Sundown's net increase in cash for the year ended 20XX?

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Answer #1

Net loss =-$50,000

Add: depreciation (non cash expense) = 125,000

Decrease in inventories =$300,000

Decrease in fixed assets =$400,000

Increase in notes payables = 249,000

Less: decrease in long term debt =$1,000,000

Net increase In cash for the year =$24,000

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