Question
2 of 4 -/10 Flint Photography reported net income of $110,300 for 2017. Included in the income statement were depreciation expense of $6,949, patent amortization
2 of 4 -/10 Flint Photography reported net income of $110,300 for 2017. Included in the income statement were depreciation expense of $6,949, patent amortization expense of $4,412, and a gain on disposal of plant assets of $3,971. Flint Photography's comparative balance sheets show the following balances. 12/31/17 12/31/16 Accounts receivable $23,163 $29,781 Accounts payable 10,148 6,618 Calculate net cash provided (used) by operating activities for Flint Photography. (Show amounts that decrease cash flow with either a sign eg.-15,000 or in parenthesis e.g. (15,000).) Flint Photography Statement of Cash Flows Adjustments to reconcile net income to
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