na 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 Deginning Balance Balance Cash & cash equivalente $ 72,600 $ 86, 850 Accounts receivable 59,300 63,800 Inventory 79,600 72.500 Total current assets 211.500 223, 150 Property, plant, and equipment 213,000 203,000 Les accumulated depreciation 71,000 50.750 Net property, plant, and equipment 142,000 152,250 Total assets $ 353,500 $. 375,400 Accounts payable $.46,400 $ 82,500 Income taxes payable 36,100 45,400 Bonds payable Common stock 87,000 72,500 101,500 87,000 Retained earnings 82,500 BB,000 Total liabilities and stockholders' equity $ 353,500 $ 375,400 During the year, Ravenna paid a $8,700 cash dividend and it sold a plece of equipment for $4,350 thot had originally cost $9,600 and had accumulated depreciation of $6,400. The company did not retire any bonds or repurchase any of its own common stock during the year, 11. What is the amount of net cash provided by (used in) operating activities in the company's statement of cash flows? Answer is complete but not entirely correct. used in operating activities $ 19,300 Not cash westo che que sprayed below Pavenna Company is a merchandiser that uses the Indirect method to prepare the operating activities section of its atement of cash flows. Its balance sheet for this year is as follows: cash canh equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Tess accumulated depreciation Net property, plant, and equipment Total assets Accounts payable Income taxes payable Bonda payable Common stock Retained earnings Total liabilities and stockholders' equity Ending Balance $72.600 59,300 79,600 211.500 213,000 71.000 142,000 $ 353,500 $ 46,400 36,100 87,000 101,500 82,500 $353,500 Deginning Balance $ 86,850 63,800 122.500 223,150 203,000 50.250 152,250 $375,400 5 82,500 45.400 72,500 07.000 13.000 $375,400 During the year, Ravenna paid a $8,700 cash dividend and it sold a plece of equipment for $4,350 that had originally cost $9,600 and had accumulated depreciation of $6,400. The company did not retire any bonds or repurchase any of its own common stock during the year. 10. Would the operating activities section of the company's statement of cash flows contain an adjustment for a gain or a loss? What would be the amount ond direction (+ or -) of the adjustment? Gain of TV deducted from not income na Company is a merchandiser that uses the indirect method to prepare the operating activities section of its Sent of cash flows. Its balance sheet for this year is as follows: Ending Beginning Balance Balance Cash cash equivalents $ 72,600 5 86,850 Accounts receivable 59,300 63,800 Inventory 79,600 22.500 Total current assets 211.500 223, 150 Property, plant, and equipment 213,000 203,000 Less accumulated depreciation 71,000 50,250 Net property, plant, and equipment 142.000 152,250 Total assets $ 353,500 $ 375,400 Accounts payable 546,400 $ 82,500 Income taxes payable 36,100 45,400 Bonds payable 87.000 72,500 Common stock 101,500 87,000 Retained earnings 82,500 88,000 Total liabilities and stockholders' equity $ 353,500 $ 375,400 During the year, Ravenna paid a $8,700 cash dividend and it sold a piece of equipment for $4,350 that had originally cost $9,600 and had accumulated depreciation of $6,400. The company did not retire any bonds or repurchase any of its own common stock during the year. 15. What is the company's net cash provided by (used in) financing activities? Not cash financing activities
