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table [ [ RANGLER PAPER COMPANY ] , [ Statement of Cash Flows ] , [ Year Ended 3 1 December 2 0 X
tableRANGLER PAPER COMPANYStatement of Cash FlowsYear Ended December Xin sNet cash inflows outflows from operating activities:Net earnings,$times AdjustmentsDepreciationtimes Net increase in working capital,times Net cash inflow outflow from operating activities,,$Cash inflows outflows from investing activities:Cash invested in restricted construction fund,times Disposal of operational asset for cash,times Net cash inflow outflow from investing activities,,Cash inflows outflows from financing activities:Borrowed on longterm note,times Payment of bonds payable,xPaid cash dividend,times Net cash inflow outflow from financing activities,,Net increase decrease in cash,,times Beginning cash balance, January times times Ending cash balance, December times $x Red text indicates no response was expected in a cell or a formulabased calculation is incorrect; no points deducted. The records of Rangler Paper Co reflect the select data provided below for the reporting period ended December Required: Prepare the SCF using the indirect method for operating activities. Group all changes in noncash working capital in operations as one amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with minus sign.tableRANGLER PAPER COMPANYStatement of Cash FlowsYear Ended December Xin sNet cash inflows outflows from operating activities:Net earnings,$times AdjustmentsDepreciationtimes Net increase in working capital,times Net cash inflow outflow from operating activities,,$Cash inflows outflows from investing activities:Cash invested in restricted construction fund,times Disposal of operational asset for cash,times Net cash inflow outflow from investing activities,,Cash inflows outflows from financing activities:Borrowed on longterm note,times Payment of bonds payable,times Paid cash dividend,times Net cash inflow outflow from financing activities,,Net increase decrease in cash,,times Beginning cash balance, January times times Ending cash balance, December times times Red text indicates no response was expected in a cell or a formulabased calculation is incorrect; no points deducted.The records of Rangler Paper Co reflect the select data provided below for the reporting period ended December X Statement of Financial Position Data Paid cash dividend $ Established restricted construction cash fund a longterm investment to build a new building Increased inventory of merchandise Borrowed on a longterm note Acquired five acres of land for a future site for the company; paid in full by issuing shares of Rangler common shares, when the quoted market price per share was $ Increase in prepaid expenses Decrease in accounts receivable Payment of bonds payable in full at book value Increase in accounts payable Cash from disposal of old operational assets sold at book value Decrease in rent receivable Statement of Comprehensive Income Sales revenue $ Rent revenue Cost of goods sold Depreciation expense Remaining expenses Net earnings and comprehensive income $ Required: Prepare the SCF using the indirect method for operating activities. Group all changes in noncash working capital in operations as one amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with minus sign.
tableRANGLER PAPER COMPANYStatement of Cash FlowsYear Ended December Xin sNet cash inflows outflows from operating activities:Net earnings,$times AdjustmentsDepreciationtimes Net increase in working capital,times Net cash inflow outflow from operating activities,,$Cash inflows outflows from investing activities:Cash invested in restricted construction fund,times Disposal of operational asset for cash,times Net cash inflow outflow from investing activities,,Cash inflows outflows from financing activities:Borrowed on longterm note,times Payment of bonds payable,xPaid cash dividend,times Net cash inflow outflow from financing activities,,Net increase decrease in cash,,times Beginning cash balance, January times times Ending cash balance, December times $x
Red text indicates no response was expected in a cell or a formulabased calculation is incorrect; no points deducted. The records of Rangler Paper Co reflect the select data provided below for the reporting period ended December
Required:
Prepare the SCF using the indirect method for operating activities. Group all changes in noncash working capital in operations as one
amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash
balance of $Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with
minus sign.tableRANGLER PAPER COMPANYStatement of Cash FlowsYear Ended December Xin sNet cash inflows outflows from operating activities:Net earnings,$times AdjustmentsDepreciationtimes Net increase in working capital,times Net cash inflow outflow from operating activities,,$Cash inflows outflows from investing activities:Cash invested in restricted construction fund,times Disposal of operational asset for cash,times Net cash inflow outflow from investing activities,,Cash inflows outflows from financing activities:Borrowed on longterm note,times Payment of bonds payable,times Paid cash dividend,times Net cash inflow outflow from financing activities,,Net increase decrease in cash,,times Beginning cash balance, January times times Ending cash balance, December times times
Red text indicates no response was expected in a cell or a formulabased calculation is incorrect; no points deducted.The records of Rangler Paper Co reflect the select data provided below for the reporting period ended December X
Statement of Financial Position Data
Paid cash dividend $
Established restricted construction cash fund a longterm investment to build a new building
Increased inventory of merchandise
Borrowed on a longterm note
Acquired five acres of land for a future site for the company; paid in full by issuing shares of Rangler common shares, when the quoted market price per share was $
Increase in prepaid expenses
Decrease in accounts receivable
Payment of bonds payable in full at book value
Increase in accounts payable
Cash from disposal of old operational assets sold at book value
Decrease in rent receivable
Statement of Comprehensive Income
Sales revenue $
Rent revenue
Cost of goods sold
Depreciation expense
Remaining expenses
Net earnings and comprehensive income $
Required:
Prepare the SCF using the indirect method for operating activities. Group all changes in noncash working capital in operations as one amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with minus sign.
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