The income statement showed a gain of 4100 from the sale of


Omni Corporation's accumulated depreciation increased by $12,000, while patents decreased by $3,400 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 $4,100 from the sale of land. Reconcile a net income of $50,000 to net cash flow from operating activities.

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Cost Accounting: The income statement showed a gain of 4100 from the sale of
Reference No:- TGS0784638

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