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Ripley Corporation's accumulated depreciation-furniture account increased by $9,360, while $3,230 of patent amortization was recognized between balance sheet dates. There were no purchases or sales
Ripley Corporation's accumulated depreciation-furniture account increased by $9,360, while $3,230 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 $5,340 from the sale of land. Reconcile a net income of $138,350 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. Amount Descriptions Amount Descriptions Amortization of patents Decrease in accounts receivable Depreciation Gain from sale of land Increase in accounts receivable Loss from sale of land Net cash flow from operating activities Reconcile a net income of $138,350 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. Net income Adjustments to reconcile net income to net cash flow from operating activities
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