ustments to Net Income-Indirect Method pley Corporation's accumulated depreciation-equipment account increased by $15,325 while $3,800 of patent amortization was recognized between alance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain $22,420 from the sale of investments. seconcile a net income of $286,900 to net cash flow from operating activities.

ustments to Net Income-Indirect Method pley Corporation's accumulated depreciation-equipment account increased by $15,325 while $3,800 of patent amortization was recognized between alance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain $22,420 from the sale of investments. seconcile a net income of $286,900 to net cash flow from operating activities.

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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Subject : Accounting
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