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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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answer must be in proper format or i will give down vote

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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