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Ripley Corporation's accumulated depreciation-equipment account increased by $15,325 while $3,800 of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $22,420 from the sale of investments. Reconcile a net income of $286,900 to net cash flow from operating activities. $fill in the blank 1

Ripley Corporation's accumulated depreciation-equipment account increased by $15,325 while $3,800 of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $22,420 from the sale of investments. Reconcile a net income of $286,900 to net cash flow from operating activities. $fill in the blank 1

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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= bartleby Search for textbooks, step-by-step explanations to homework... Ask an Expert Business / Accounting / Q&A Library / Adjustments to Net Income-Indirect Method Ripley Corporation's accumulated depreciation-equipment account i... Adjustments to Net Income-Indirect Method Ripley Corporation's accum... Question Need homework help right now? JATENCIÓN Adjustments to Net Income-Indirect Method When referring to objects, ser seguro me ans to be safe. Ripley Corporation's accumulated depreciation-equipment account increased by $15,325 while $3,800 of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $22,420 from the sale of investments. El puente es segure The bridge is safe. Try Live Chat and speak with an expert for real-time answers and explanations! Available for Accounting, Statistics, Calculus, Chemistry & Computer Science Reconcile a net income of $286,900 to net cash flow from operating activities. $fill in the blank 1 More activi ties vhtental LM An easiur way lo study hard WB p. 54-55 Expert Answer Online activiies Chat Now 014 A D
Transcribed Image Text:= bartleby Search for textbooks, step-by-step explanations to homework... Ask an Expert Business / Accounting / Q&A Library / Adjustments to Net Income-Indirect Method Ripley Corporation's accumulated depreciation-equipment account i... Adjustments to Net Income-Indirect Method Ripley Corporation's accum... Question Need homework help right now? JATENCIÓN Adjustments to Net Income-Indirect Method When referring to objects, ser seguro me ans to be safe. Ripley Corporation's accumulated depreciation-equipment account increased by $15,325 while $3,800 of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $22,420 from the sale of investments. El puente es segure The bridge is safe. Try Live Chat and speak with an expert for real-time answers and explanations! Available for Accounting, Statistics, Calculus, Chemistry & Computer Science Reconcile a net income of $286,900 to net cash flow from operating activities. $fill in the blank 1 More activi ties vhtental LM An easiur way lo study hard WB p. 54-55 Expert Answer Online activiies Chat Now 014 A D
= bartleby Search for textbooks, step-by-step explanations to homework... Ask an Expert E Q&A Library Statement of Cash Flows-Indirect Met... 8. евоок Show Me How Print Item Tagged in Statement of Cash Flows-Indirect Method Business Accounting Cash Flow Statements The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: JATENCIÓN Dec. 31, Dec. 31, 20Y2 Knowledge Booster When referring to objects, ser seguro me ans to be safe. 20Y1 Assets Head to our knowledge booster down below to learn more El puente es segure The bridge is safe. about Financial Statements $1 Cash $183 4 See content below 49 Accounts receivable (net) 55 99 Inventories 117 More activi ties 33 Land 250 vhtental LM 17 Equipment 205 5 WB p. 54-55 Accumulated depreciation- equipment (4 2) (68) Online activiies $6 Total assets $742 25 Liabilities and Stockholders! 014 A D
Transcribed Image Text:= bartleby Search for textbooks, step-by-step explanations to homework... Ask an Expert E Q&A Library Statement of Cash Flows-Indirect Met... 8. евоок Show Me How Print Item Tagged in Statement of Cash Flows-Indirect Method Business Accounting Cash Flow Statements The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: JATENCIÓN Dec. 31, Dec. 31, 20Y2 Knowledge Booster When referring to objects, ser seguro me ans to be safe. 20Y1 Assets Head to our knowledge booster down below to learn more El puente es segure The bridge is safe. about Financial Statements $1 Cash $183 4 See content below 49 Accounts receivable (net) 55 99 Inventories 117 More activi ties 33 Land 250 vhtental LM 17 Equipment 205 5 WB p. 54-55 Accumulated depreciation- equipment (4 2) (68) Online activiies $6 Total assets $742 25 Liabilities and Stockholders! 014 A D
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