Samuel Company's accumulated depreciation-equipment account increased by $6,000, while patents decreased by $2,200 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 $3,200 from the sale of investments. Assume no changes in noncash current assets and liabilities.Samuel Company reported a net income of $92,000. Determine net cash flow from operating activities using the indirect method.

Question

Samuel Company's accumulated depreciation-equipment account increased by $6,000, while patents decreased by $2,200 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 $3,200 from the sale of investments. Assume no changes in noncash current assets and liabilities.​Samuel Company reported a net income of $92,000. Determine net cash flow from operating activities using the indirect method.

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The Answer of Samuel Company's accumulated depreciation-equipment account increased by $6,000, while patents decreased by $2,200 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 $3,200 from the sale of investments. Assume no changes in noncash current assets and liabilities.​Samuel Company reported a net income of $92,000. Determine net cash flow from operating activities using the indirect method.

Samuel Company's Accumulated Depreciation-Equipment Account Increased by $6,000, While Patents