eBook Hampton Industries had $45,000 in cash at year-end 2020 and $16,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $110,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$100,000. 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 $25,000, receivables and inventories increased by $200,000, and depreciation and amortization totaled $47,000, what was the firm's net income? $

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Chapter1: Financial Statements And Business Decisions
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8. Problem 3.12 (Statement of Cash Flows)
eBook
Hampton Industries had $45,000 in cash at year-end 2020 and $16,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $110,000 the
majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$100,000. 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 $25,000, receivables and inventories increased by $200,000, and depreciation and amortization totaled $47,000, what was the firm's net income?
$
Transcribed Image Text:8. Problem 3.12 (Statement of Cash Flows) eBook Hampton Industries had $45,000 in cash at year-end 2020 and $16,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $110,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$100,000. 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 $25,000, receivables and inventories increased by $200,000, and depreciation and amortization totaled $47,000, what was the firm's net income? $
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