Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer 13 14 15 30 Required information [The following information applies to the questions displayed below.] Part 15 of 15 Ravenna Company is a

please answer 13 14 15

image text in transcribedimage text in transcribedimage text in transcribed

30 Required information [The following information applies to the questions displayed below.] Part 15 of 15 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 0.45 Balance Balance points Cash $ 80, 800 $ 96, 800 Accounts receivable 65,400 70, 400 Skipped Inventory 87, 800 80,000 Total current assets 234,000 247,200 Property, plant, and equipment 234,000 224,000 Less accumulated depreciation 78,000 56,000 Net property, plant, and equipment 156,000 168,000 ebook Total assets $ 390,000 $ 415 , 200 Accounts payable $ 51, 200 $ 91,000 Ask Income taxes payable 39, 800 51, 200 Bonds payable 96,000 80,000 Common stock 112,000 96,000 Retained earnings 91,000 97,000 References Total liabilities and stockholders' equity $ 390,000 $ 415, 200 During the year, Ravenna paid a $9,600 cash dividend and it sold a piece of equipment for $4,800 that had originally cost $10,800 and had accumulated depreciation of $7,200. 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? Net cash financing activitiesRequired information (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 Cash $ 80, 800 96,800 Accounts receivable 65,400 70, 400 Inventory 87,800 80,000 Total current assets 234,000 247, 200 Property, plant, and equipment 234,000 224,000 Less accumulated depreciation 78, 000 56,000 Net property, plant, and equipment 156,000 168,000 Total assets $ 390,000 $ 415, 200 Accounts payable $ 51, 200 $ 91, 000 Income taxes payable 39, 800 51, 200 Bonds payable 96,000 80, 000 Common stock 112,000 96,000 Retained earnings 91,000 97,000 Total liabilities and stockholders' equity $ 390,000 $ 415, 200 During the year, Ravenna paid a $9,600 cash dividend and it sold a piece of equipment for $4,800 that had originally cost $10,800 and had accumulated depreciation of $7,200. The company did not retire any bonds or repurchase any of its own common stock during the year. 14. What is the amount of gross cash inflows reported in the financing section of the company's statement of cash flows? Gross cash inflowsRequired information (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 Cash $ 80, 800 $ 96,800 Accounts receivable 65, 400 70, 400 Inventory 87,800 80,000 Total current assets 234,000 247,200 Property, plant, and equipment 234,000 224,000 Less accumulated depreciation 78,000 56,000 Net property, plant, and equipment 156,000 168,000 Total assets $ 390,000 $ 415, 200 Accounts payable $ 51, 200 $ 91,000 Income taxes payable 39, 800 51, 200 Bonds payable 96,000 80,000 Common stock 112, 000 96,000 Retained earnings 91,000 97,000 Total liabilities and stockholders' equity $ 390,000 $ 415, 200 During the year, Ravenna paid a $9,600 cash dividend and it sold a piece of equipment for $4,800 that had originally cost $10,800 and had accumulated depreciation of $7,200. The company did not retire any bonds or repurchase any of its own common stock during the year. 13. What is the company's net cash provided by (used in) investing activities? Net cash investing activities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Psychology Applied To Teaching

Authors: Jack Snowman, Rick McCown

14th Edition

1285734556, 9781285734552

More Books

Students also viewed these Accounting questions

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago