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Pearl Corporation's accumulated depreciation-furniture account increased by $8.400, while $3, 080 of patent amortization was recognized between balance sheet dates. There were no purchases or
Pearl Corporation's accumulated depreciation-furniture account increased by $8.400, while $3, 080 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 $4.480 from the sale of land. Reconcile a net income of $120, 400 to net cash flow from operating activities
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