STATEMENT OF CASH FLOWS Hampton Industries had $50,000 in cash at year-end 2015

Question

STATEMENT OF CASH FLOWS Hampton Industries had $50,000 in cash at year-end 2015 and $22,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling $100,000. Cash flow from financing activities totaled +$140,000. Round your answers to the nearest dollar, if necessary. What was the cash flow from operating activities? Enter cash outflows with a minus sign. $ If accruals increased by $40,000, receivables and inventories increased by $175,000, and depreciation and amortization totaled $29,000, what was the firm's net income?

Explanation / Answer

2.

cash flow from operating activities(balance)(-140,000+100,000-28000) (68000)(Negative). Add:cash flow from financing activities 140,000 Add:cash flow from investing activities (100,000) Net change in cash(22000-50000) (28000) Add:beginning cash balance 50000 Ending cash balance 22000

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