Reconcile a net income to net cash flow

Assignment Help Accounting Basics
Reference no: EM132474060

Question - Congress Corporation's accumulated depreciation-equipment account increased by $3,700, while $2,400 of patent amortization was recognized 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 $2,800 from the sale of land.

Reconcile a net income of $42,300 to net cash flow from operating activities.

Reference no: EM132474060

Questions Cloud

What amount can Melanie claim this year for her office : Melanie's residence cost $350,000 (excluding land) and has living space of 2,000 square feet, What amount can Melanie claim this year for her office
What was the times interest earned ratio : What was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Find the adjusted balance for insurance expense for the year : Prepaid Insurance account had a balance of $5100. Find the adjusted balance for Insurance Expense for the year
What schedule depositor would be for first year of operation : Veryclear Glassware is a new business owned by Samantha Peoples. What schedule depositor would she be for the first year of operations?
Reconcile a net income to net cash flow : Congress Corporation accumulated depreciation-equipment account increased by $3,700, Reconcile net income of $42,300 to net cash flow from operating activities
How much could the payoff under strong demand increase : Determine How much could the payoff under strong demand increase and still keep decision alternative d3 the optimal solution?
Discuss the classical theory demand for money : (i) Discuss the classical theory demand for money and elucidate the limitations to this theory
Explain how a purchase of government securities : With aid of a well labeled diagram illustrate and explain how a purchase of government securities can aid a country to recover from a recession?
Minimize the chance of anchoring bias : Define the anchoring bias. When evaluating stocks, what should investors do to avoid or minimize the chance of anchoring bias?

Reviews

Write a Review

Accounting Basics Questions & Answers

  A spare parts supplier is thinking of building a car from

a spare parts supplier is thinking of building a car from the parts he has in his yard. he does not expect any reward

  Prepare a statement of retained earnings for the year ended

Landon paid $20,000 in dividends to each of the two stockholders in each of the three years. Prepare a statement of retained earnings for the year ended

  Journalize the entry to record the payroll tax expense

Journalize the entry to record the payroll tax expense incurred for the week of November 18

  What is the npv of a project that costs 100000 and returns

what is the npv of a project that costs 100000 and returns 50000 annually for three years if the opportunity cost of

  Standard price of the rate material

Standards call for 2 meters of the raw material for each unit of the completed product. The standard price of the rate material is $4.70 per meter. The materials variances for October were:

  Shannon oreilly is trying to decide whether to continueto

shannon oreilly is trying to decide whether to continueto take public transportation to work or to purchase a car.

  Describe how the new lease pronouncement would record leases

There is a new lease, pronouncement. With 175 words or more, please describe how the new lease pronouncement would record leases?

  What types of attributes could result in goodwill

Goodwill has been defined as the value of all favorable attributes that relate to a business enterprise. What types of attributes could result in goodwill?

  For many years zapro company manufactured a single product

for many years zapro company manufactured a single product called a mono-relay. then three years ago the company

  Determining the product testing

A company is producing and market- ing new reading activities for elementary school children that it believes will improve reading comprehension scores.

  Encumbrances and approval for payment

(Encumbrances and approval for payment) The sheriff 's office in the village of Katoonah had a General Fund appropriation of $85,000 for public safety supplies.

  Implementing a new smart shopping trolley system

Solve complex organisational problems theoretically and practically and critically reflect on the effectiveness of management processes to real-world problems - Implementing a new smart shopping trolley system

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd