Question

13,732, and a galn on disposal of plant assets of $ 12.359 Buffalo in the income statement were depreclation expense of $ 21,628 patent Photography's comparative balance sheets show the following balances 12/31/17 12/31/16 ble $72,093 $92,691 31,584 20,598 Accounts payable the se Calculate net cash provided used by operating activities for Buffalo Photography (15,000)) Showa unts that decrease cash flow with either-拗4 15,000 or in par

Answer 1

Buffalo Photography
Statement of Cash Flows
For the Year Ended December 31, 2017
A. Cash Flows from Operating Activity
Net Income		$ 3,43,300.00
Adjustments to reconcile net income to
net cash flow from operating activities:
Depreciation expense	$      21,628.00
Patent amortization expense	$      13,732.00
Gain on disposal of plant assets	$   (12,359.00)
Decrease in Accounts Receivables	$      20,598.00
Increase in Accounts Payable	$      10,986.00
		$      54,585.00
Net cash flow from Operating activities		$ 3,97,885.00