Hampton Industries had $62,000 in cash at year-end 2020 and $14,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $130,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$110,000. Round your answers to the nearest dollar, if necessary.

What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.

If accruals increased by $15,000, receivables and inventories increased by $195,000, and depreciation and amortization totaled $49,000, what was the firm's net income?

Answer rating: 100% (QA)

1 Cash Flow from Operating Activities We can calculate the cash flow from operating activities using ... View the full answer