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STATEMENT OF CASH FLOWS Hampton Industries had $55,000 in cash at year-end 2015 and $16,000 in...

STATEMENT OF CASH FLOWS

Hampton Industries had $55,000 in cash at year-end 2015 and $16,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling $280,000. Cash flow from financing activities totaled +$180,000. Round your answers to the nearest dollar, if necessary.

  1. What was the cash flow from operating activities? Enter cash outflows with a minus sign.
    $   
  2. If accruals increased by $5,000, receivables and inventories increased by $200,000, and depreciation and amortization totaled $75,000, what was the firm's net income?
    $   

Solutions

Expert Solution

Hampton Industries
Statement of Cash Flows (Indirect Method)
a) Cash flow from operating Activity=($280000-$180000-$55000+$16000) $      61,000.00
Add: Cash flow from Investing Activity $ -2,80,000.00
Add: Cash flow from Financial Activity $   1,80,000.00
Add: Beginning Cash Balance $      55,000.00
Ending Cash Balance $      16,000.00
b) Net Income=($61000-$5000-(-$200000)-$75000) $   1,81,000.00
Add: Depreciation & Amortization $      75,000.00
Less: Increased in Accounts Receivable $ -2,00,000.00
Add: Increased in Accruals $         5,000.00
Net Cash from operating Activity $      61,000.00

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