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Konverse Company reported net income of $200,000 in 2020 . Depreciation expense was $15,000 and amortization expense on patents was $2,500 in 2020 . In

image text in transcribed Konverse Company reported net income of $200,000 in 2020 . Depreciation expense was $15,000 and amortization expense on patents was $2,500 in 2020 . In addition, the balance sheet reported the following balance changes during 2020. the indirect method

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