Ravenna Company is a merchandiser that uses the indirect method to prepare the o
ID: 2572597 • Letter: R
Question
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 $10,200 cash dividend and it sold a piece of equipment for $5,100 that had originally cost $11,400 and had accumulated depreciation of $7,600. The company did not retire any bonds or repurchase any of its own common stock during the year.
What is the company’s net cash provided by (used in) investing activities?
What is the amount of gross cash inflows reported in the financing section of the company’s statement of cash flows?
What is the company’s net cash provided by (used in) financing activities?
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:
Explanation / Answer
13 ) What is the company’s net cash provided by (used in) investing activities?
14) What is the amount of gross cash inflows reported in the financing section of the company’s statement of cash flows?
15) What is the company’s net cash provided by (used in) financing activities?
13 ) What is the company’s net cash provided by (used in) investing activities?
Cash flow from investing activities sold piece of equipment 5100 Purchase of equipment (22400) Net Cash flow from investing activities (17300)14) What is the amount of gross cash inflows reported in the financing section of the company’s statement of cash flows?
Gross cash inflow of financing section Issue bonds payable 17000 issue common stock 17000 Gross cash inflow in financing section 3400015) What is the company’s net cash provided by (used in) financing activities?
Cash flow from fianncing activities issue bonds payable 17000 issue common stock 17000 Dividend paid (10200) Net Cash flow from fianncing activities 23800Related Questions
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