Solution-Purchases or sales of depreciable or intangible

Purchases or sales of depreciable or intangible assets

Reference no: EM13516699

Zale Corporation's accumulated depreciation-equipment increased by $8,000, while patents decreased by $5,200 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 loss of $6,000 from the sale of investments. Reconcile a net income of $90,000 to net cash flow from operating activities.

Reference no: EM13516699

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Purchases or sales of depreciable or intangible assets

Reference no: EM13516699

Reference no: EM13516699

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