Hampton Industries had $35,000 in cash at year-end 2018 and $10,000 in cash at year-end 2019....

Hampton Industries had $35,000 in cash at year-end 2018 and $10,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $140,000 — 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.

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If accruals increased by $10,000, receivables and inventories increased by $140,000, and depreciation and amortization totaled $33,000, what was the firm's net income?

Expert Solution

jeff jeffy answered 3 months ago

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