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1. What is the amount of the net increase or decrease in cash and cash equivalents that would be shown on the companys statement of

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1.

What is the amount of the net increase or decrease in cash and cash equivalents that would be shown on the companys statement of cash flows?

2.

What net income would the company include on its statement of cash flows?

3.

How much depreciation would the company add to net income on its statement of cash flows?

4-a.

If the company debited Accounts Receivable and credited Sales for $1,020,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year

5-a.

What is the amount and direction (+ or ?) of the accounts receivable adjustment to net income in the operating activities section of the statement of cash flows?

6-a.

If the company debited cost of goods sold and credited inventory for $680,000 during the year, what is the total amount of inventory purchases recorded on the debit side of the Inventory T-account and the credit side of the Accounts Payable T-account?

6-b.

What is the total amount of the debits recorded in the Accounts Payable T-account during the year?

7-a.

What is the combined amount and direction (+ or ?) of the inventory and accounts payable adjustments to net income in the operating activities section of the statement of cash flows?

8-a.

If the company debited income tax expense and credited income taxes payable $1,270 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account?

9-a.

What is the amount and direction (+ or ?) of the income taxes payable adjustment to net income in the operating activities section of the statement of cash flows?

10.

Would the operating activities section of the companys statement of cash flows contain an adjustment for a gain or a loss? What would be the amount and direction ( + or ? ) of the adjustment?

11.

What is the amount of net cash provided by (used in) operating activities in the companys statement of cash flows?

12.

What is the amount of gross cash outflows reported in the investing section of the companys statement of cash flows?

13.

What is the companys net cash provided by (used in) investing activities?

14.

What is the amount of gross cash inflows reported in the financing section of the companys statement of cash flows?

15.

What is the companys net cash provided by (used in) financing activities?

Foundational L012-1, L012-2] [The following information applies to the questions displayed below) Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Beginning Balance Balance 85,600 $102,500 Cash Accounts receivable 69,500 74,800 Inventory 93,300 85,000 Total current assets 248,400 262,300 Property, plant, and equipment 249,000 238,000 Less accumulated depreciation 83,000 59,500 Net property, plant, and equipment 166,000 178,500 414,400 $440,800 Total assets 54,400 96,700 Accounts payable 42,300 54100 Income taxes payable Bonds payable 102,000 85,000 Common stock 119,000 102,000 Retained earnings 96,700 103,000 Total liabilities and stockholders' equity 414,400 $440,800 During the year, Ravenna paid a $10,200 cash dividend and it sold a piece of equipment for $5100 that had originally cost $11,400 and had accumulated depreciation of $7.600. The company did not retire any bonds or repurchase any of its own common stock during the year

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