Adjustments to Net Income-Indirect Method Omni Corporation's accumulated depreciation-equipment account increased by $4,600, while $3,000 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 $3,500 from the sale of investments. Reconcile a net income of $51,900 to net cash flows from operating activities.
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- Ripley corporarion's accumulated depreciation - equipment account increased by 15325 while 3800 of patent amortization was recognized bewtween balance sheet dates. There were no purchases of sales of depreciation or intangible assets during the year. In addition the income statement showed a gain of 22420 from the salem of investments. Reconcile a net income of 286900 to net cash flow from operetatimg activitiesAdjustments 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 flows from operating activities.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.
- Congress Corporation's accumulated depreciation—equipment account increased by $5,000, while $3,200 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 $3,800 from the sale of investments. Reconcile a net income of $56,300 to net cash flows from operating activities __________________Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $25,200 $24,100 Inventory 78,600 79,300 Accounts payable 20,200 18,700 Dividends payable 22,000 23,000 Adjust net income of $105,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $4Eastlund Corporation's accumulated depreciation—equipment account increased by $6,320, while $2,450 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 $13,510 from the sale of investments. Reconcile a net income of $126,300 to net cash flows from operating activities.$fill in the blank 1
- Lighthouse Corporation's accumulated depreciation—equipment account increased by $8,800 while $5,700 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 $6,700 from the sale of investments. Reconcile a net income of $100,200 to net cash flows from operating activities.Omni Corporation's accumulated depreciation—equipment account increased by $10,100, while $6,500 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 $7,700 from the sale of land. Reconcile a net income of $114,600 to net cash flow from operating activities: $________Adjustments to Net Income—Indirect Method Lighthouse Corporation's accumulated depreciation—equipment account increased by $8,900, while $5,800 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 loss of $6,800 from the sale of investments. Reconcile a net income of $101,000 to net cash flow from operating activities.$
- Kingston Corporation's accumulated depreciation—equipment account increased by $6,600, while $4,300 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 $5,000 from the sale of investments. Reconcile a net income of $75,100 to net cash flows from operating activities.$fill in the blank 1Adjustments to Net Income—Indirect Method Omni Corporation's accumulated depreciation—equipment account increased by $8,800, while $5,700 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 $6,700 from the sale of investments. Reconcile a net income of $99,600 to net cash flows from operating activities.$fill in the blank 1Adjustments to Net Income—Indirect Method Lighthouse Corporation's accumulated depreciation equipment account increased by $6,300 while $4,100 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 $4,800 from the sale of investments. Reconcile a net income of $71,500 to net cash flow from operating activities.$