Durrand Corporation's accumulated depreciation increased by $14,572, while patents decreased by $3,792 between consecutive balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $3,162 from the sale of land. Reconcile net income of $53,794 to net cash flows from operating activities.
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- Durrand Corporation's accumulated depreciation increased by $13,732, while patents decreased by $3,986 between consecutive balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $3,365 from sale of land. The company earned a net income of $44,155. Determine net cash flow from operating activities under the indirect method.Ourrand Corporation's accumulated depreciation increased by $12,767, while patents decreased by $2,957 between consecutive balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $3,322 from the sale of land. Reconcile net income of $56,004 to net cash flows from operating activities. PUIGDRipley corporarion's accumulated depreciation - equipment account increased by 15325 while 3800 of patent amortization was recognized bewtween balance sheet dates. There were no purchases of sales of depreciation or intangible assets during the year. In addition the income statement showed a gain of 22420 from the salem of investments. Reconcile a net income of 286900 to net cash flow from operetatimg activities
- During two consecutive balance sheet dates, cumulative depreciation for Durand Corporation rose by $13,421, while patents fell by $2,088. Depreciable or intangible assets were neither bought nor sold during the year. The income statement also revealed a gain of $3,367 on the selling of land. Net income for the business was $53,251. Determine the net cash flows from operational operations using the indirect approach, assuming there were no changes to the non-cash current assets and liabilities. Fill in the blank with $1During two consecutive balance sheet dates, accumulated depreciation for Durand Corporation climbed by $11,258 while patents fell by $2,787. Depreciable or intangible assets were neither bought nor sold during the year. The financial statements also revealed a gain of $3,589 on the selling of property. The business had a net profit of $44,069 dollars. Determine the net cash flows from operational operations using the indirect approach, assuming there were no changes to the quasi current assets.During two consecutive balance sheet dates, accumulated depreciation for Durrand Corporation climbed by $11,258 while patents fell by $2,787. Depreciable or intangible assets were neither bought nor sold during the year. The financial statements also revealed a gain of $3,589 on the selling of property. The business had a net profit of $44,069 dollars. Determine the net cash flows from operational operations using the indirect approach, assuming there were no changes to the quasi current assets.
- 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 assists during the year. In addition, the income statement showed a loss of $3,200 from sale of investment la l. Assume no changes in non cash current assists and liabilities. Reconcile a net income of 92,000 to net cash flow from operating activities.(c) Martinez, Inc. reported net income of Tk. 2.5 million in 2010. Depreciation for the year was Tk. 160,000, accounts receivable decreased Tk. 350,000, and accounts payable decreased Tk. 280,000. Compute net cash provided by operating activities using the indirect method. For 2010 depreciation on plant assets was Tk. 70,000, and the company incurred a loss on sale of plant assets of Tk. 12,000. Compute net cash provided by operating activities under the indirect method.(a) The entity sold some tangible non-current assets, which had a net book value of $200 million. The cost of sales figure includes a loss of $10 million on this disposal. (b) Cost of sales is arrived at after charging depreciation on the tangible non-current assets of $42 million. (c) Dividends paid during the year were $55,000. Find cashflow from investing activities
- Novak Corporation's net income for the current year was $622000, Depreciation recorded on plant assets was $58000 and amortization expense was $93000. Accounts receivable and inventories increased by $49000 and $20000, respectively. Supplies and accounts payable decreased by $2000 and $39000, respectively. The equipment account balance increased by $55,000 and a $500,000 convertible bond was retired through the issuance of common stock. How much cash was provided by operating activities? O $565000 $667000 O $585000 $879000Sunset Acres reported net income of $58.0 million. Included in that number were trademark amortization expense of $2.7 million and gain on the sale of land of $1.4 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.6 million, $2.6 million, and $3.6 million, respectively. Required: What were Sunset's cash flows from operating activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activitiesSunset Acres reported net income of $60 million. Included in that number were trademark amortization expense of $2 million and a gain on the sale of land of $1 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $2 million, $5 million, and $4 million, respectively. What were Sunset’s cash flows from operating activities?
