Calculate the net cash flow from financing activities for

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Reference no: EM13484824

The following accounts, among others, apeared on ZZ Company's balance sheet at January 1, 2005 and December 31, 2005:

                                 January 1, 2005       December 31, 2005
Accounts payable       48,000                         63,000
Land                           70,000                         84,000
Notes payable            80,000                         64,000
Common stock            30,000                         90,000
Retained earnings      36,000                          95,000

The following information was taken from ZZ Company's 2005 income statement:

Sales revenue                      $500,000
Cost of goods sold               280,000
Other expense                    120,000
Net income                         $100,000

Calculate the net cash flow from financing activities for 2005. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not use decimals
in your answer.

Reference no: EM13484824

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