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Calculate abc company net cash flow

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Reference no: EM132887611

Problem - The following selected account balances were taken from Abc Company 2023 accounting records

 

January 1, 2023

December 31, 2023

Accounts payable

$53,000

$34,000

Common stock

$21,000

$61,000

Inventory

$41,000

$84,000

Notes payable

$32,000

$65,000

Retained earnings

$12,000

$47,000

Unearned revenue

$21,000

$29,000

Abc Company's income statement for 2023 appears below

Sales revenue $707,000

Cost of goods sold $563,000

Salaries expense $95,000

Net income $49,000

Required - Calculate Abc Company net cash flow from financing activities for 2023?

Reference no: EM132887611

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