RL Photography reported net income of $317,900 for 2014. Included in the income

Q: RL Photography reported net income of $317,900 for 2014. Included in the income

Solution. Calculation of Cash Flows from Operating Activites: Amount ($) Net Income 317900 Depreciation expense 20028 Patent Amortization expense 12716 Gain on disposal of plant assets (11444) Decrease in Accounts Recievable 19074 Increase in Accounts Payable 10173 Cash Flow from Operations 368447

ID: 2479585 • Letter: R

Question

RL Photography reported net income of $317,900 for 2014. Included in the income statement were depreciation expense of $20,028, patent amortization expense of $12,716, and a gain on disposal of plant assets of $11,444. RL's comparative balance sheets show the following balances.

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).

12/31/14 12/31/13 Accounts Recievable $66,759 $85,833 Accounts Payable $29,247 $19,074

Explanation / Answer

Solution.

Calculation of Cash Flows from Operating Activites:

Amount ($) Net Income 317900 Depreciation expense 20028 Patent Amortization expense 12716 Gain on disposal of plant assets (11444) Decrease in Accounts Recievable 19074 Increase in Accounts Payable 10173 Cash Flow from Operations 368447

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RL Photography reported net income of $249,400 for 2014. Included in the income

RLC Circuits help please!! A series RLC circuit contains the following component

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RL Photography reported net income of $317,900 for 2014. Included in the income

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