Kingston corporations accumulated depreciation-furniture

Reference no: EM13586903

Kingston Corporation's accumulated depreciation-furniture account increased by $10,200, while $6,600 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 gain of $7,800 from the sale of land.

Reconcile a net income of $115,800 to net cash flow from operating activities.

Reference no: EM13586903

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