Hampton Industries had $50,000 in cash at year-end 2020 and $23,000 in cash at year-end...
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Hampton Industries had $50,000 in cash at year-end 2020 and $23,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $200,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$150,000. 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 accruais increased by $25,000, receivables and inventories increased by $175,000, and depreciation and amortization totaled $19,000, what was the firm's net income
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