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Kingston corporations accumulated depreciation-equipment account increased by $9,300 while $6,000 of patent amortization was recognized between balance sheet dates. There were no purchases or sales
Kingston corporations accumulated depreciation-equipment account increased by $9,300 while $6,000 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 gain of $7,100 from the sale of investments. Reconcile a net income of $105,300 to net cash flow from operating activities
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