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Ripley Corporation's accumulated depreciation furniture account increased by $9,310, while $3,570 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 loss of $4,490 from the sale of land Reconcile a net income of $138, 100 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries

Ripley Corporation's accumulated depreciation furniture account increased by $9,310, while $3,570 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 loss of $4,490 from the sale of land Reconcile a net income of $138, 100 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries

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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< Adjustments to net income indirect method Instructions Instructions Amount Descriptions Reconciliation of! X Ripley Corporation's accumulated depreciation furniture account increased by $9,310, while $3,570 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 loss of $4,490 from the sale of land. Reconcile a net income of $138,100 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Transcribed Image Text:< Adjustments to net income indirect method Instructions Instructions Amount Descriptions Reconciliation of! X Ripley Corporation's accumulated depreciation furniture account increased by $9,310, while $3,570 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 loss of $4,490 from the sale of land. Reconcile a net income of $138,100 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Reconciliation of Net Income Reconcile a net income of $138,100 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. 1 2 3 4 5 6 Net income Adjustments to reconcile net income to net cash flow from operating activities: work caved Email Instructor Save
Transcribed Image Text:Reconciliation of Net Income Reconcile a net income of $138,100 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. 1 2 3 4 5 6 Net income Adjustments to reconcile net income to net cash flow from operating activities: work caved Email Instructor Save
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