In: Accounting
Calculate amounts for each case
PE 14 - 1A | |
a) | Financing |
b) | Operating |
c) | Operating |
d) | Financing |
e) | Investing |
f) | Operating |
PE 14 - 1B | |
a) | Investing |
b) | Investing |
c) | Operating |
d) | Operating |
e) | Operating |
f) | Financing |
PE 14 - 2A | |
Net Income | $ 120,400 |
Adjustments to reconcile net income to net cash flow from operating activities: | |
Depreciation | $ 8,400 |
Amortization of patents | $ 3,080 |
Loss from sale of land | $ 4,480 |
Net cash flow from operating activities | $ 136,360 |
PE 14 - 2B | |
Net Income | $ 175,000 |
Adjustments to reconcile net income to net cash flow from operating activities: | |
Depreciation | $ 8,750 |
Amortization of patents | $ 3,250 |
Gain from sale of investment | $ (18,750) |
Net cash flow from operating activities | $ 168,250 |