Business, 17.03.2020 05:15 officialalex8635

Omni Corporation's accumulated depreciation—equipment account increased by $5,300, while $3,400 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 loss of $4,000 from the sale of land.

Reconcile a net income of $120,400 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.

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Omni Corporation's accumulated depreciation—equipment account increased by $5,300, while $3,400 of p...