The accounting records of Jasmine Pharmaceuticals, Inc., reveal the following:

Requirement
1. Compute cash flows from operating activities by the direct method. Also evaluate Jasmine€™s operating cash flow. Give the reason for yourevaluation.

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Payment of salaries $50,000 20,000 Net income and wa wages S 31,000 Payment of income tax Depreciatio27,000 Collection of dividend Increase in current revenue14,000 13.000 36,000 3,000 38,000 liabilities... Payment of int Cash sales 20,000 Increase in current assets other than cash. 24,000 Gain on sale of land Payment of dividends...12,000 Acquisition of land Collection of accounts Payment of accounts payable receivable 105,000 55,000