Adjustments to Net Income—Indirect Method Lighthouse Corporation's accumulated depreciation equipment account increased by $6,300 while $4,100 of patent amortization was recognized 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 gain of $4,800 from the sale of investments. Reconcile a net income of $71,500 to net cash flow from operating activities.

Q: 1. Which of the following items is regarded as a cash flow from operating activities? Cash dividends…

A: Depreciation is the deduction in the worth of asset due to its erosion or obsolescence.

Q: Adjustments to Net Income—Indirect Method Ripley Corporation’s accumulated depreciation—equipment…

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Q: Reconcile a net income of $114,600 to net cash flow from operating activities:

A:

Q: 3. Congress Corporation's accumulated depreciation—equipment account increased by $5,900, while…

A: Hi student Since there are multiple questions, we will answer only first question

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Q: Adjustments to Net Income—Indirect Method Ripley Corporation’s accumulated depreciation—equipment…

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A: Formulas:

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