Sinclair companys accumulated depreciation-equipment

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Reference no: EM13610038

Sinclair Company's accumulated depreciation-equipment increased by $6,000, while patents decreased by $2,200 between balance sheet dates. There were no purchased or sales of depreciable or intangible assets during the year. In addition, the income statement showed a loss of $3,200 from the sale of investments.Reconcile a net income of $92,000 to net cash flow from operating activities.

Reference no: EM13610038

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