Kingston Corporation's accumulated depreciation-equipment account increased by $7,600 while $4,900 of patent amortization was balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income st $5,800 from the sale of investments. Reconcile a net income of $86,400 to net cash flow from operating activities.

Kingston Corporation's accumulated depreciation-equipment account increased by $7,600 while $4,900 of patent amortization was balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income st $5,800 from the sale of investments. Reconcile a net income of $86,400 to net cash flow from operating activities.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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