Mathematics, 08.08.2021 20:40 jasminemarie610

EBook Show Me How Adjustments to Net Income—Indirect Method

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.

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EBook Show Me How Adjustments to Net Income—Indirect Method

Ripley Corporation’s accumu...