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Durrand Corporation's accumulated depreciation increased by $10,866, while patents decreased by $2,900 between consecutive balance sheet dates. There were no purchases or sales of depreciable
Durrand Corporation's accumulated depreciation increased by $10,866, while patents decreased by $2,900 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 $4,152 from sale of land. Reconcile a net income of $49,633 to net cash flow from operating activities
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