The following selected account balances were taken from ABC Company's genera 1 ledgers for 2019: January 1, 2019 December 31, 2019 Inventory Accounts payable Salaries payable 74,000 56,000 50,000 28,000 9,000 4,000 Investments 68,000 75,000 Accounts receivable 69,000 35,000 Land 58,000 88,000 Notes payable 195,000 120,000 Unearned revenue 17,000 25,000 Common stock 100,000 190,000 Retained earnings 23,000 63,000 The following information was taken from ABC Company's 2019 income statemen t: Sales revenue $420,000 Cost of goods sold Salaries expense 300,000 68,000 Net income $ 52,000 Calculate ABC Company's net cash flow from financing activities for 2019. 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 ABC Company's genera 1 ledgers for 2019: January 1, 2019 December 31, 2019 Inventory Accounts payable Salaries payable 74,000 56,000 50,000 28,000 9,000 4,000 Investments 68,000 75,000 Accounts receivable 69,000 35,000 Land 58,000 88,000 Notes payable 195,000 120,000 Unearned revenue 17,000 25,000 Common stock 100,000 190,000 Retained earnings 23,000 63,000 The following information was taken from ABC Company's 2019 income statemen t: Sales revenue $420,000 Cost of goods sold Salaries expense 300,000 68,000 Net income $ 52,000 Calculate ABC Company's net cash flow from financing activities for 2019. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The current ratio including transaction c. is The debt ratio including transaction c is screenshots attached thank you
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