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Durrand Corporation's accumulated depreciation increased by $10,417, while patents decreased by $3,538 between consecutive balance sheet dates. There were no purchases or sales of depreciable
Durrand Corporation's accumulated depreciation increased by $10,417, while patents decreased by $3,538 between consecutive 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 $3,289 from sale of land. The company earned a net income of $49,134. Determine net cash flow from operating activities under the indirect method.
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