The income statement of Oriole Company is presented here. Additional information: 1. Accounts receivable decreased...
80.2K
Verified Solution
Question
Accounting

The income statement of Oriole Company is presented here. Additional information: 1. Accounts receivable decreased $403,600 during the year, and inventory decreased $202,800. 2. Prepaid expenses increased $173,600 during the year. 3. Accounts payable to suppliers of inventory decreased $330,900 during the year. 4. Accrued expenses payable decreased $106,500 during the year. 5. Administrative expenses include depreciation expense of $100,100. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Oriole Company, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.