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Hampton Industries had $57,000 in cash at year-end 2018 and $26,000 in cash at year-end 2019. The firm invested in property, plant, and equipment
Hampton Industries had $57,000 in cash at year-end 2018 and $26,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $140,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$120,000. 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. $ -104000 b. If accruals increased by $10,000, receivables and inventories increased by $190,000, and depreciation and amortization totaled $67,000, what was the firm's net income? 29000 Hide Feedback Incorrect
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