Question: Check My Work - - E eBook - - Hampton Industries had $38,000 in cash at year-end 2020 and $22,000 in cash at year-end 2021.
Check My Work - - E eBook - - Hampton Industries had $38,000 in cash at year-end 2020 and $22,000 in cash at year-end 2021. The firm invested in property. plant, and equipment totaling $170,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$170,000. 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 accruals increased by $5,000, receivables and inventories Increased by $95,000, and depreciation and amortization totaled $7,000, what was the firm's net income? $
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