Question: please help with question 1 Adjustments to Net Income-Indirect Method Omni Corporation's accumulated depreciationequipment account increased by $9,000 while $5,800 of patent amortization was recognized
Adjustments to Net Income-Indirect Method Omni Corporation's accumulated depreciationequipment account increased by $9,000 while $5,800 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 $6,800 from the sale of investments. Reconcile a net income of $102,000 to net cash flow from operating activities. $
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