Samuel Company’s accumulated depreciation—equipment 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.

Reconcile a net income of $92,000 to net cash flow from operating activities

Question

Reconcile a net income of $92,000 to net cash flow from operating activities

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The Answer of Samuel Company’s accumulated depreciation—equipment 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.

Reconcile a net income of $92,000 to net cash flow from operating activities

Samuel Company’s Accumulated Depreciation—equipment Increased by $6,000, While Patents Decreased