What was the firm net income

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Problem - STATEMENT OF CASH FLOWS - Hampton Industries had $39,000 in cash at year-end 2018 and $11,000 in cash at year-end 2019. 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.

a. What was the cash flow from operating activities?

b. 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?

Reference no: EM132833765

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