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Hampton Industries had $36,000 in cash otyear-end 2020 and $18,000 in cash at year-end 2021 . The firm invested in property, plant, and equipment totaling
Hampton Industries had $36,000 in cash otyear-end 2020 and $18,000 in cash at year-end 2021 . The firm invested in property, plant, and equipment totaling $300,000 - the majority having a usefut life greater than 20 years and fating under the altemative depreciation system. Cash flow from fonancing activities totaied +$130,000. Round your answers to the nearest dollat, if necessary. a. What was the cash fiow from operabng activities? Cash outflow, If any, should be indicated by a minus sign b. It accruals increesed by $15,000, receivabies and inventories increased ty $180,000, and depreciation and ancortizabon totaled $51,000, what was the firm's not income
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