Question

In: Accounting

Calculate amounts for each case

Calculate amounts for each case

Solutions

Expert Solution

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

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