Question
Pearl Corporations accumulated depreciationfurniture account increased by $6,740, while $2,730 of patent amortization was recognized between balance sheet dates. There were no purchases or sales
Pearl Corporations accumulated depreciationfurniture account increased by $6,740, while $2,730 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 $5,040 from the sale of land.
Reconcile a net income of $126,100 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Amount Descriptions | |
---|---|
Amortization of patents | |
Decrease in accounts receivable | |
Depreciation | |
Gain from sale of land | |
Increase in accounts receivable | |
Loss from sale of land | |
Net cash flow from operating activities |
Reconcile a net income of $126,100 to net cash flow from operating activities. 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 |
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