Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate the net cash flow from financing activit

Calculate the net cash flow from financing activities for 2022. If your answer is negative,...

70.2K

Verified Solution

Question

Accounting

Calculate the net cash flow from financing activities for 2022. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234).image
The following selected account balances were taken from TnI-6Company's general ledger at January 1, 2022 and December 31, 2022: Accounts receivable Short-term notes payable Investments Retained earnings Mortgage payable Unearned revenue Common stock January 1 46,000 71,000 22,000 32,000 126,000 11,000 100,000 December 31 14,000 47,000 60,000 51,000 164,000 24,000 197,000 During 2022, TNI-63 Company reported a net income of $38,000 and purchased investments for $38,000 cash. Calculate the net cash flow from financing activities for 2022. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Operations Management
1.2K views

Describe positive strategy is a better way to manage employee issues than the traditional negative discipline...

Advance Math
1.2K views

(6) In each part below, find a basis for R4 CONTAINED IN the given set, or...

Biology
1.2K views

An glycolytic pathway is one that is both catabolic and anabolic energy producing enzymatic amphibolic...

Basic Math
1.2K views

Consider the matrix A= 1 2 4 -3...

Accounting
1.2K views

$90,000 5) Amanufacturing company's budgeted income statement includes the following data:...

Accounting
1.2K views

Required information The following information applies to the questions displayed below) Cardinal Company is considering...

Accounting
1.2K views

73. On January 1, 2010, Lynn Company borrows $2,000,000 from National Bank at 11% annual...

Accounting
1.2K views

resented below is information for Ivanhoe Company for the month of January 2017. Cost of...

Accounting
1.2K views

[The following information applies to the questions displayed below) Morganton Company makes one product, and...

Accounting
1.2K views

To claim head of household filing status, a taxpayer must

Accounting
1.2K views

Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores. The company has...

Accounting
1.2K views

[18] A small island can hold a maximum population of 2,000 seals. Two years ago,...