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15 Cash and 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 Ending Balance $ 97,200 77,600 104, 200 279,000 276,000 92,000 184,000 $ 463,000 $ 60,800 47,200 114,000 Beginning Balance $ 116,700 83,600 95,000 295,300 266,000 66,500 199,500 $ 494,800 $ 108,000 62,800 95,000 Common stock Retained earnings Total liabilities and stockholders' equity 133,000 114,000 108,000 115,000 $ 463,000 $ 494,800 During the year, Ravenna paid a $11,400 cash dividend and sold a piece of equipment for $5,700 that originally cost $13,200 and had accumulated depreciation of $8,800. The company did not retire any bonds or repurchase any of its common stock during the year. 12. What are the gross cash outflows in the investing section of the company's statement of cash flows? Gross cash outflows

15 Cash and 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 Ending Balance $ 97,200 77,600 104, 200 279,000 276,000 92,000 184,000 $ 463,000 $ 60,800 47,200 114,000 Beginning Balance $ 116,700 83,600 95,000 295,300 266,000 66,500 199,500 $ 494,800 $ 108,000 62,800 95,000 Common stock Retained earnings Total liabilities and stockholders' equity 133,000 114,000 108,000 115,000 $ 463,000 $ 494,800 During the year, Ravenna paid a $11,400 cash dividend and sold a piece of equipment for $5,700 that originally cost $13,200 and had accumulated depreciation of $8,800. The company did not retire any bonds or repurchase any of its common stock during the year. 12. What are the gross cash outflows in the investing section of the company's statement of cash flows? Gross cash outflows

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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15 Cash and 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 Ending Balance $ 97,200 77,600 104, 200 279,000 276,000 92,000 184,000 $ 463,000 $ 60,800 47,200 114,000 Beginning Balance $ 116,700 83,600 95,000 295,300 266,000 66,500 199,500 $ 494,800 $ 108,000 62,800 95,000 Common stock Retained earnings Total liabilities and stockholders' equity 133,000 114,000 108,000 115,000 $ 463,000 $ 494,800 During the year, Ravenna paid a $11,400 cash dividend and sold a piece of equipment for $5,700 that originally cost $13,200 and had accumulated depreciation of $8,800. The company did not retire any bonds or repurchase any of its common stock during the year. 12. What are the gross cash outflows in the investing section of the company's statement of cash flows? Gross cash outflows
Transcribed Image Text:15 Cash and 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 Ending Balance $ 97,200 77,600 104, 200 279,000 276,000 92,000 184,000 $ 463,000 $ 60,800 47,200 114,000 Beginning Balance $ 116,700 83,600 95,000 295,300 266,000 66,500 199,500 $ 494,800 $ 108,000 62,800 95,000 Common stock Retained earnings Total liabilities and stockholders' equity 133,000 114,000 108,000 115,000 $ 463,000 $ 494,800 During the year, Ravenna paid a $11,400 cash dividend and sold a piece of equipment for $5,700 that originally cost $13,200 and had accumulated depreciation of $8,800. The company did not retire any bonds or repurchase any of its common stock during the year. 12. What are the gross cash outflows in the investing section of the company's statement of cash flows? Gross cash outflows
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