Solution-Reconcile a net income to net cash flow

Reconcile a net income to net cash flow

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Reference no: EM133108440

Question - 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.

Reference no: EM133108440

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Reconcile a net income to net cash flow

Reference no: EM133108440

Reference no: EM133108440

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