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Ripley Corporations accumulated depreciationfurniture account increased by $6,750, while $2,660 of patent amortization was recognized between balance sheet dates. There were no purchases or sales
Ripley Corporations accumulated depreciationfurniture account increased by $6,750, while $2,660 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 $4,390 from the sale of land.
Reconcile a net income of $106,850 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
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