Solution-What was the cash flow from operating activities

What was the cash flow from operating activities

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Reference no: EM133101145

Question - Hampton Industries had $61,000 in cash at year-end 2020 and $15,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $240,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$250,000.

Required -

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 $30,000, receivables and inventories increased by $145,000, and depreciation and amortization totaled $21,000, what was the firm's net income?

Reference no: EM133101145

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What was the cash flow from operating activities

Reference no: EM133101145

Reference no: EM133101145

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