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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Cash flows from operating activities Net income 320000 Adjustments to reconc...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
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