Solution-Evaluate the net cash flow from operating

Evaluate the net cash flow from operating activities

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Reference no: EM13516703

Omni Corporation's accumulated depreciation increased by $12,000, while patents decreased by $3,400 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 $4,100 from the sale of land. Reconcile a net income of $50,000 to net cash flow from operating activities.

Reference no: EM13516703

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Evaluate the net cash flow from operating activities

Reference no: EM13516703

Reference no: EM13516703

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