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Kingston Corporation's accumulated depreciationequipment account increased by $10,300, while $6,700 of patent amortization was recognized between balance sheet dates. There were no purchases or sales
Kingston Corporation's accumulated depreciationequipment account increased by $10,300, while $6,700 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 $7,900 from the sale of investments. Reconcile a net income of $117,400 to net cash flow from operating activities.
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