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What is raymond net cash provided by operating activities

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Reference no: EM133129699

Question - The Raymond Corporation reported $11,000 of net income for the current year and also uses the visual inspection method for completing the statement of cash flows. The following additional information relates to Raymond for the year:

Subsidiary gain included in investment income under the equity method $370

Decrease in inventory 80

Loss on disposal of equipment 900

Proceeds from disposal of equipment 1,400

Depreciation expense 1,200

Acquisition of treasury stock 650

Increase in accounts payable 290

Acquisition of new securities (accounted for using the equity method) 500

Decrease in deferred income tax liability 210

Early retirement of bonds payable at book value 1,000

Increase in interest receivable 30

Required - What is Raymond's net cash provided by operating activities?

A. $14,800

B. $12,210

C. $11,540

D. $12,860

Reference no: EM133129699

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