The Raymond Corporation reported SI 1.000 of net income for the current year and

Question

The Raymond Corporation reported SI 1.000 of net income for the current year and also uses the visual inspection method for completing the statement of cash flows. The following additional information relates to Raymond for the year: Subsidiary gain included in investment income under the equity method $ 370 Decrease in inventory 80 Loss on disposal of equipment 900 Proceeds from disposal of equipment 1.400 Depreciation expense 1, 200 Acquisition of treasury stock 650 Increase in accounts payable 290 Acquisition of new securities (accounted for using the equity' method) 500 Decrease in deferred income tax liability 210 Early retirement of bonds payable at book value 1.000 Increase in interest receivable 30 Refer to Exhibit 21-1. What is Raymond's net cash provided by operating activities? $11,540 Refer to Exhibit 21-1. What is Raymond's net cash provided by investing activities? 10. Refer to Exhibit 21-1. What is Raymond's net cash used by financing activities? 5(1, 240). $(1,860)

Explanation / Answer

Net cash provided by investing activities = 370-900+1400+500 = 1370

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