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Kingston Corporation's accumulated depreciationequipment account increased by $3,900, while $2,500 of patent amortization was recognized between balance sheet dates. There were no purchases or sales
Kingston Corporation's accumulated depreciationequipment account increased by $3,900, while $2,500 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 $3,000 from the sale of land.
Reconcile a net income of $44,100 to net cash flow from operating activities
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