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

Quizplus · Accepted Answer

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