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Reconcile Omni net income to net cash flow

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Problem - Omni Corporation's accumulated depreciation increased by $12,000, while $3,400 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 $4,100 from the sale of land. Reconcile Omni's net income of $50,000 to net cash flow from operating activities.

Reference no: EM132691695

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