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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
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 $14,100 cash dividend and it sold a piece of equipment for $7,050 that had originally cost $16,800 and had accumulated depreciation of $11,200. The company did not retire any bonds or repurchase any of its own common stock during the year. Foundational 13-14 (Algo) 4. What is the amount of gross cash inflows reported in the financing section of the company's statement of cash flows
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