Question: Carlyn Corporation s accumulated depreciation furniture account increased by 7 500 while 2 750
Carlyn Corporation’s accumulated depreciation—furniture account increased by $7,500, while $2,750 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 loss of $4,000 from the sale of land. Reconcile a net income of $107,500 to net cash flow from operating activities.
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