Hampton Industries had $39,000 in cash at year end 2020 and $11,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $210,000-the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$120,000. What was the cash flow from operating activities? If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firm's net income?
Hampton Industries had $39,000 in cash at year end 2020 and $11,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $210,000-the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$120,000. What was the cash flow from operating activities? If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firm's net income?
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 12P
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Hampton Industries had $39,000 in cash at year end 2020 and $11,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $210,000-the majority having a useful life greater than 20 years and falling under the alternative
- What was the cash flow from operating activities?
- If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firm's net income?
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