Essay
Electroyo Corporation's accumulated depreciation increased by $8,500, while patents decreased by $2,800 between consecutive 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 $5,350 from sale of land.Reconcile a net income of $68,000 to net cash flow from operating activities.
Correct Answer:
Verified
Correct Answer:
Verified
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