Abc corporatoin accumulateddepreciation increased by 11000, Ask an Expert

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ABC corporatoin accumulateddepreciation increased by $11,000, while patents decreased by$3,200 between consecutive balance sheet dates. There were nopurchases or sales of depreciable or intangible assets during theyear. In addition, the income statement showed a gain of $3,500from sale of land. Reconcile a net income of $45,000 to net cashflow from operating activities.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9993180

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