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It is correct grad to say that Cold Goose's net inflows and outflows of...

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Question

Accounting

It is correct

grad

to say that Cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual\ contribution to retained earnings,

$869,437

and

$1,133,180

, respectively. This is because\ of the items reported in the income\ statement involve payments and receipts of cash.

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