Ripley Corporations accumulated depreciationequipment account increased by $7,360, while $3,190 of patent amortization was recognized...
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Accounting
Ripley Corporations accumulated depreciationequipment account increased by $7,360, while $3,190 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 $4,920 from the sale of investments.
Reconcile a net income of $113,260 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtractive or negative numbers use a minus sign.
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