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Adjustments to Net Income-Indirect Method Ripley Corporation's accumulated depreciation equipment account increased by $15,325 while $3,800 of patent amortization was recognized be intangible assets during

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Adjustments to Net Income-Indirect Method Ripley Corporation's accumulated depreciation equipment account increased by $15,325 while $3,800 of patent amortization was recognized be intangible assets during the year. In addition, the income statement showed a gain of $22,420 from the sale of investments. Reconcile a net income of $286,900 to net cash flow from operating activities

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