=+EX 16-23 Cash flows from operating activities—

direct method obj. 3

✔ Net cash flow from operating activities, $56,490 Chapter 16 Statement of Cash Flows 749 Morrocan Marble Company has cash flows from operating activities of $300,000. Cash flows used for investments in property, plant, and equipment totaled $65,000, of which 75% of this investment was used to replace existing capacity.