13.1 escriptions |Réconciliation of Net Income nt increased by $7,070, while $2,520 of patent amortization was...

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13.1

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business accounting

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Answer 1

Answer #1

SOLUTION

Operating activities-

Particulars	Amount ($)
Net Income	109,410
Adjustment to reconcile net income to net cash flow from operating activities-
Depreciation	7,070
Amortization of Patents	2,520
Gain from sale of investments	(5,210)
Net cash flow from operating activities	113,790

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Answer 2

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13.1 escriptions |Réconciliation of Net Income nt increased by $7,070, while $2,520 of patent amortization was...

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