Hampton Industries had $46,000 in cash at at year-end 2020 and $11,000 in cash year end 2021. The firm invested in property, plant, and equipment totaling $290,000 the majority having a useful life greater than 20 years and fulling under the alternative depreciation System. Cash flow from financing operating activities totaled + $160,000. Round your answers to the nearest dollar, if necessary. a) What was the cash flow operating activities? Cash over flow, if any, should be indicated by a $ minuss b) If accruals increased by $50,000, receivables and inventures increased by $85,000, and depreciation and amortization totaled $19,000, what was the firm's net income?
Hampton Industries had $46,000 in cash at at year-end 2020 and $11,000 in cash year end 2021. The firm invested in property, plant, and equipment totaling $290,000 the majority having a useful life greater than 20 years and fulling under the alternative depreciation System. Cash flow from financing operating activities totaled + $160,000. Round your answers to the nearest dollar, if necessary. a) What was the cash flow operating activities? Cash over flow, if any, should be indicated by a $ minuss b) If accruals increased by $50,000, receivables and inventures increased by $85,000, and depreciation and amortization totaled $19,000, what was the firm's net income?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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