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Hampton Industries had $39,000 in cash at year-end 2018 and $11,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling
Hampton Industries had $39,000 in cash at year-end 2018 and $11,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $210,000the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$120,000. A. What was the cash flow from operating activities? B. If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firms net income
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