adjustments to net income - indirect method

eBook Show Me How Adjustments to Net Income-Indirect Method Nadal Corporation's accumulated depreciation-furniture account increased by $17,720, while $3,800 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 loss of $5,200 from the sale of land. Reconcile a net income of $343,700 to net cash flows from operating activities. Check My Work Previous Next