Question
The following selected account balances were taken from ZZ, Inc.'s general ledger at January 1, 2025 and December 31, 2025: January 1, 2025 December 31,
The following selected account balances were taken from ZZ, Inc.'s general ledger at January 1, 2025 and December 31, 2025: January 1, 2025 December 31, 2025 Accounts receivable 42,000 34,000 Inventory 25,000 28,000 Accounts payable 25,000 17,000 Salaries payable 1,000 5,000 Investments 44,000 50,000 Land 67,000 79,000 Mortgage payable 100,000 47,000 Common stock 110,000 180,000 Retained earnings 30,000 49,000 The following information was taken from ZZ, Inc.'s 2025 income statement: Sales revenue $415,000 Cost of goods sold 319,000 Salaries expense 93,000 Gain on sale of investments 21,000 Net income $ 24,000 Calculate the net cash flow from financing activities for 2025. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234).
The following selected account balances were taken from ZZ, Inc.'s general ledger at January 1, 2025 and December 31, 2025: January 1, 2025 December 31, 2025 Accounts receivable 42,000 34,000 Inventory 25,000 28,000 Accounts payable 25,000 17,000 Salaries payable 1,000 5,000 Investments 44,000 50,000 Land 67,000 79,000 Mortgage payable 100,000 47,000 Common stock 110,000 180,000 Retained earnings 30,000 49,000 The following information was taken from zz, Inc.'s 2025 income statement: Sales revenue $415,000 Cost of goods sold 319,000 Salaries expense 93,000 Gain on sale of investments 21,000 Net income $ 24,000 Calculate the net cash flow from financing activities for 2025. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234)Step by Step Solution
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