The net income for Martinez Company for 2020 was $305,900. During 2020, depreciation on plant assets was $120,200, amortization of patent was $39,400, and the company incurred a loss on sale of plant assets of $23,500. Compute net cash flow from operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Respuesta :

Answer:

$489,000

Explanation:

Martinez Company

Computation of net cash flow from operating activities for 2010

Details                                                           Amount ($)

Net income                                                     305,900

Non-cash expenses adjustment:

Plant depreciation                                           120,200

Patent amortization                                          39,400

Loss on sale of plant assets                           23,500  

Net cash flow from operating activities     489,000