accounting help Jonathan Corporation’s accumulated depreciation increased by $12,000

Accounting
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Jonathan Corporation’s accumulated depreciation increased by $12,000, while patents decreased by $2,200 between consecutive 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 $4,300 from sale of land. Prepare a reconciliation of net income of $75,000 to net cash flow from operating activities under the indirect method. Show all work.

May 4th, 2015

net income from operating activities       75000

add depreciation                                      12000

add decrease in patents                          2200

less gain on sale of land                          [4300]

May 4th, 2015

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May 4th, 2015
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May 4th, 2015
Dec 2nd, 2016
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