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Required information The Foundational 15 (Algo) [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Ravenna Company is a merchandiser that uses the

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Required information The Foundational 15 (Algo) [LO13-1, LO13-2] [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: During the year, Ravenna paid a $13,800 cash dividend and it sold a plece of equipment for $6,900 that had originally cost $16,200 and had accumulated depreciation of $10,800. The company did not retire any bonds or repurchase any of its own common stock during the year. Foundational 13-11 (Algo) 11. What is the amount of net cash provided by (used in) operating activities in the company's statement of cash flows

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