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What net income would the company include in statement of cash flows? Ravenna Company is a merchandiser that uses the indirect method to prepare the
What net income would the company include in statement of cash flows?
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: $ 93,8ee 112, 450 75,6ee lei, see 27e,9ee 286, 350 27e, eee 259, eee se , eee 18e,eee 194, 250 48e, see $ 59,2ee les, 46 , eee 111, eee 129, see 111, eee les, 2ee 112, eee 480, see Cash & cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Ending Balance $ 45e,9ee $ 45e,9ee Beginning Balance 81, 92, see 64, 750 59, 9ee 92, see During the year, Ravenna paid a $11,100 cash dividend and it sold a piece of equipment for $5,550 that had originally cost $12,600 and had accumulated depreciation of $8,400. The company did not retire any bonds or repurchase any of its own common stock during the year. . What net income would the company include on its statement of cash flows?
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