Question

The following selected account balances were taken from XYZ Company's
general ledger at January 1, 2018 and December 31, 2018:

                        January 1, 2018          December 31, 2018
Inventory                    31,000                    18,000
Equipment                   123,000                   144,000
Investments                  42,000                    37,000
Land                         91,000                    40,000
Mortgage payable            111,000                    60,000
Retained earnings            32,000                    37,000

Additional information for 2018 appears below:

1.  XYZ Company sold land costing $60,000 and recorded a $4,000 loss on the sale.
2.  XYZ Company purchased equipment for $21,000 cash.
3.  XYZ Company purchased investments for $60,000 cash and sold investments and
    reported a $31,000 gain on the sale.

Calculate XYZ Company's net cash flow from investing activities for 2018. If
your answer is negative, place a minus sign in front of your answer with no
spaces in between (e.g., -1234).

Answer 1

Answere The following selected account balenec ware taken from XY2 Company's genaral ledger at 1, 2008 Tan, and Decenber 31,2018, I calculate Xyz Company's het cash flow from Investing activities for 2018. X YZ company cash flow. 56,000 cash flow from Suvesting altivities. Land sold [6000-4000] purchase equipment por Chase investment 21,000 60,000 sale af investment [42000+60,000 - 57000] +3.000 96,000 9000 Land purchase 091000-60000 - 4 0000] Het cash flow from Investing activity *- 162,000