Homework Answers
ANSWER
As per the given question,
Cash flows from Operating activities:-
Net Income - $280,000
Adjustments to reconcile net income to net cash provided by
operating activities,
Depreciation Expenses - $70,000
Loss on disposal of plant assets - $12,000
Net cash provided by operating activities = $280,000 + $70,000 +
$12,000
= $362,000
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