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Mathematics, 13.04.2020 23:04 marialuis2732

Durrand 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 shown a gain of $4,300 from sale of land. The company earned a net income of $65,000. Determine net cash flow from operating activities under the indirect method.

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