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eBook Hampton Industries had $40,000 in cash at year-end 2020 and $16,000 in cash at year-end 2021. The firm invested in
Posted: Sun Jul 03, 2022 6:42 am
by answerhappygod
- Ebook Hampton Industries Had 40 000 In Cash At Year End 2020 And 16 000 In Cash At Year End 2021 The Firm Invested In 1 (13.08 KiB) Viewed 12 times
eBook Hampton Industries had $40,000 in cash at year-end 2020 and $16,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $270,000- the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$250,000. Round your answers to the nearest dollar, if necessary. a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign b. If accruals increased by $30,000, receivables and inventories increased by $155,000, and depreciation and amortization totaled $47,000, what was the firm's net income?