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21- Q5- (a). The net-income for Faisal Company for 2020 was $320,000. During 2020, depreciation on plant assets was $124,000, amortization of patent was $40,000,
21- Q5- (a). The net-income for Faisal Company for 2020 was $320,000. During 2020, depreciation on plant assets was $124,000, amortization of patent was $40,000, I and the company incurred a gain on disposal of plant assets of 12,000. Compute | net cash flow from operating activities. (b). Jassim Corporation reported net cash provided by operating activities of $325,000, net cash used by investing activities of $250,000, and net cash provided by +financing activities of $70,000. In addition, cash spent for net capital expenditures during the period was $200,000, and $25,000 of dividends were paid
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