Solution-Reconcile a net income to net cash flow

Reconcile a net income to net cash flow

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Reference no: EM132474060

Question - Congress Corporation's accumulated depreciation-equipment account increased by $3,700, while $2,400 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 $2,800 from the sale of land.

Reconcile a net income of $42,300 to net cash flow from operating activities.

Reference no: EM132474060

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Reconcile a net income to net cash flow

Reference no: EM132474060

Reference no: EM132474060

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