FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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Transcribed Image Text:5 + | x A& to em Set: Module Er x CengageNOWv2 | Online te x Cengage Learning X Cengage Learning milm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse 电 手 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. <> Check My Work (Previous Next 5.59 PM AD zzoz/6/ ins prt sc 114 144 %24 4. 6. 7. 8.
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