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  3. the following information relates to the ridge com

The following information relates to the Ridge Company: $119,000 Beginning Accounts Payable $365,000 Net Income...

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Accounting

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

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