The following information relates to the Ridge Company: Net Income $365,000 Beginning Accounts Payable $119,000 Depreciation Expense 96,000 Ending Accounts Payable 146,000 Amortization of Intangible Assets 11,000 Purchase of Long-Term Assets with Cash 616,000 Beginning Accounts Receivable 420,000 Cash from Issuance of Long-Term Debt 200,000 Ending Accounts Receivable 439,000 Issuance of Stock for Cash 160,000 Beginning Inventory 516,000 Ending Inventory 560,000 Issuance of Stock for Long-Term Assets Purchase of Treasury Stock 110,000 64,000 Beginning Prepaid Expenses 48,000 Ending Prepaid Expenses 42,000 Assume that the indirect method is used. The Net Cash Flows from Financing Activities section will include a line item for a. $(110,000) O b. $(64,000) Oc. $(160,000) d. $616,000 e. $110,000

The following information relates to the Ridge Company: Net Income $365,000 Beginning Accounts Payable $119,000 Depreciation Expense 96,000 Ending Accounts Payable 146,000 Amortization of Intangible Assets 11,000 Purchase of Long-Term Assets with Cash 616,000 Beginning Accounts Receivable 420,000 Cash from Issuance of Long-Term Debt 200,000 Ending Accounts Receivable 439,000 Issuance of Stock for Cash 160,000 Beginning Inventory 516,000 Ending Inventory 560,000 Issuance of Stock for Long-Term Assets Purchase of Treasury Stock 110,000 64,000 Beginning Prepaid Expenses 48,000 Ending Prepaid Expenses 42,000 Assume that the indirect method is used. The Net Cash Flows from Financing Activities section will include a line item for a. $(110,000) O b. $(64,000) Oc. $(160,000) d. $616,000 e. $110,000

Name: i need the answer quickly The following information relates to the Rid
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Description: i need the answer quickly The following information relates to the Ridge Company:Net Income$365,000Beginning Accounts Payable$119,000Depreciation Expense96,000Ending Accounts Payable146,000Amortization of Intangible Assets11,000Purchase of Long-Term

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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