Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information is available for oriole

The following information is available for Oriole Company for the year ended December 31, 2022....

90.2K

Verified Solution

Question

Accounting

imageimageimage

The following information is available for Oriole Company for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $31,200 7,410 53,300 6,240 4,030 74,360 135,200 49,400 5,070 105,300 85,800 208,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Oriole Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities $ 74,360 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities $ Depreciation Expense 53,300 Increase in Accounts Receivable 6,240 Increase in Inventory > 4,030 Increase in Income Taxes Payable Cash at Beginning of Period > 31,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The flat, fertile area around a river is called aA. deltaB. plateauC. rain forest

Accounting
1.2K views

Consider the following financial data for Fortnite Corp:Projected Sales per month = 150,000 unitsSelling...Consider...

Finance
1.2K views

You have been asked to estimate the enterprise value of Dan Automotive as of today in...

Medical Sciences
1.2K views

Consider heparin, antithrombin, prostacyclin, and coumadin. What function do these factors have in common? A. initiation of...

Physics
1.2K views

0 A ray of light is incident on a glass sphere and it makes an...

Basic Math
1.2K views

A test statistic of Z calculated 1 13 is computed for testing the hypothesis 10...

Algebra
1.2K views

Car insurance companies want to keep track of the average cost per claim The current...

Accounting
1.2K views

Dawson Toys, Limited, produces a toy called the Maze with the following...

Accounting
1.2K views

Uluna has the following cash flows: Year Cash flow 0 -$60000 1 +$155000 2 -$100000...

Accounting
1.2K views

0-30 $ 100 Customer Alabama Tourism Bayside Bungalows Others (not shown to save space) Xciting...

Finance
1.2K views

Question 21 4 pts Ceres Inc. just paid an annual dividend of $2.20 last month....

Finance
1.2K views

6. How much life insurance is needed for a person with an annual income of...