The net income for Fallon Company for 2020 was $320,000. During 2020, depreciation on plant assets was

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The net income for Fallon Company for 2020 was $320,000. During 2020, depreciation on plant assets was $124,000, amortization of patent was $40,000, and the company incurred a loss on sale of plant assets of $21,000. Compute net cash flow from operating activities.

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Intermediate Accounting

ISBN: 978-1119503668

17th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel

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