During the year Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had… 2023 Business Finance
2023 During the year Ravenna paid a 9 300 cash dividend and it sold a piece of equipment for
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During the year Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. |
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Required: |
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What is the amount of gross cash inflows reported in the financing section of the company’s statement of cash flows? |
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