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kupik [55]
3 years ago
10

RL Photography reported net income of $122,700 for 2014. Included in the income statement were depreciation expense of $7,730, p

atent amortization expense of $4,908, and a gain on disposal of plant assets of $4,417. RL's comparative balance sheets show the following balances. 12/31/14 12/31/13 Accounts receivable $25,767 $33,129 Accounts payable 11,288 7,362 Calculate net cash provided by operating activities for RL Photography. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Business
1 answer:
jeka57 [31]3 years ago
6 0

Answer:

$142,209

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $122,700

Adjustment made:

Add : Depreciation expense $7,730

Add: Patent amortization expense $4,908

Less: Gain on disposal of plant assets -$4,417

Add: Decrease in accounts receivable $7,362 ($25,767 - $33,129)

Add: Increase in accounts payable $3,926 ($11,288 - $7,362)

Total of Adjustments $19,509

Net Cash flow from Operating activities                  $142,209

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Answer:

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3 years ago
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Jim and Sally are not married. They lived together all year. Sally had $5,000 in earned income during 2019. Jim earned $30,000 i
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3 years ago
On January 1, 2017, Whitefeather Industries issued 300, $1,000 face value bonds. The bonds have a five-year life and pay interes
Ludmilka [50]

Answer:

$15000

Explanation:

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