7. Pearl Corporations accumulated depreciationfurniture account increased by $6,750, while $2,660 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 $4,390 from the sale of land.

Reconcile a net income of $106,850 to net cash flow from operating activities

The section of the statement of cash flows that reports the cash transactions affecting the determination of net income.

. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.

Reconcile a net income of $106,850 to net cash flow from operating activities

The section of the statement of cash flows that reports the cash transactions affecting the determination of net income.

. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.

1	Net income
2	Adjustments to reconcile net income to net cash flow from operating activities:
3
4
5
6

Solution

1	Net income
2	Adjustments to reconcile net income to net cash flow from operating activities:
3
4
5
6