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Business, 18.02.2020 17:29 chhimmidemg

Ya Wen Corporation’s accumulated depreciation—equipment account increased by $8,750, while $3,250 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 $18,750 from the sale of investments.1) Reconcile a net income of $175,000 to net cash flow from operating activities. 2) Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.

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