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Current Attempt in Progress Flint Ltd. shows on its statement of financial position a patent. At its year end of October 31, 2018, the caption

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Current Attempt in Progress Flint Ltd. shows on its statement of financial position a patent. At its year end of October 31, 2018, the caption read Patent (net) $61,500 and at its year end of October 31, 2019, the caption read Patent (net) $49,500. Flint's recorded amortization on the patent in the amount of $5,000 for the 2019 fiscal year and the remaining change in the account resulted from recording a loss on impairment for the year ended October 31, 2019. There were no purchases or sales of potents during the year. Determine the necessary caption(s) and amount(s) that should appear on Flint's statement of cash flows, using the indirect method. Beclear regarding where the item(s) would appear on the statement (le, the operating investing or financing section(s) (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis es. (15,0001) Flint Ltd. Statement of Cash Flow Adjustments to reconcile net income to $ Save for Later Attempts: 0 of 1 used Submit

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