Some are correct

The comparative balance sheet of Merrick Equipment Co. for December 31,20Y and 20Y, is as follows: Cash flows from (used for) operating activities: Net income = Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Gain on sale of investments = Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventones Increase in accounts payable Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash recelved from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash received from sale of common stock .V Net cash flow from financing activities Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9 Check My Work 2 mare Check My Work uses remaining