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Hampton industries had $69,000 in cash at year-end 2020 and $10,000 in cash at year-end 2021 . The firm invested in property, plant, and equipment
Hampton industries had $69,000 in cash at year-end 2020 and $10,000 in cash at year-end 2021 . The firm invested in property, plant, and equipment totaling $280,000 - the majority having a useful life greater than 20 years and falling under the altemative depreciatio system. Cash flow from financing activities totaled $110,000. 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. 5 b. If accruals increased by $20,000, receivables and inventories increased by $80,000, and depreciation and amortization totaled $39,000, what was the firm's net income
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