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Analysts following the Oriole Golf Company were given the following balance sheet information for the years ended June 30, 2020, and June 30, 2019: Assets Cash and marketable securities Accounts receivable Inventory Other current assets Total current assets Plant and equipment Less: Accumulated depreciation Net plant and equipment Goodwill and other assets Total assets Liabilities and Equity Accounts payable and accruals Notes payable Accrued income taxes Total current liabilities. Long-term debt Total liabilities Preferred stock Common stock (10,000 shares) Additional paid-in capital Retained earnings Less: Treasury stock Total common equity Total liabilities and equity 2020 $33,461 260,255 423,894 41,326 $758,936 1,931,819 (419,119) $1,512,700 382,195 $2,653,831 2020 $378,311 14,562 21,200 $414,073 680,031 $1,094,104 10,000 975,515 587,596 (13,384) $1,559,727 $2,653,831 2019 $16,616 318,843 352,790 29,962 $718,211 1,609,948 (206,728) $1,403,220 412,640 $2,534,071 2019 $332,054 7,912 16,865 $356,831 793,590 $1,150,421 10,000 975,515 398,135 $1,383,650 $2,534,071

Analysts following the Oriole Golf Company were given the following balance sheet information for the years ended June 30, 2020, and June 30, 2019: Assets Cash and marketable securities Accounts receivable Inventory Other current assets Total current assets Plant and equipment Less: Accumulated depreciation Net plant and equipment Goodwill and other assets Total assets Liabilities and Equity Accounts payable and accruals Notes payable Accrued income taxes Total current liabilities. Long-term debt Total liabilities Preferred stock Common stock (10,000 shares) Additional paid-in capital Retained earnings Less: Treasury stock Total common equity Total liabilities and equity 2020 $33,461 260,255 423,894 41,326 $758,936 1,931,819 (419,119) $1,512,700 382,195 $2,653,831 2020 $378,311 14,562 21,200 $414,073 680,031 $1,094,104 10,000 975,515 587,596 (13,384) $1,559,727 $2,653,831 2019 $16,616 318,843 352,790 29,962 $718,211 1,609,948 (206,728) $1,403,220 412,640 $2,534,071 2019 $332,054 7,912 16,865 $356,831 793,590 $1,150,421 10,000 975,515 398,135 $1,383,650 $2,534,071

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Problem 3.32(a) Construct a 2020 cash flow statement for this firm. (If an amount reduces the cash flow then enter with negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Cash Flows from Operating Activities Additions (sources of cash) Oriole Golf Company Statement of Cash Flows Year ended June 30, 2020 Subtractions (uses of cash) > $ $ $ $ $ $ $ UU
Transcribed Image Text:Problem 3.32(a) Construct a 2020 cash flow statement for this firm. (If an amount reduces the cash flow then enter with negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Cash Flows from Operating Activities Additions (sources of cash) Oriole Golf Company Statement of Cash Flows Year ended June 30, 2020 Subtractions (uses of cash) > $ $ $ $ $ $ $ UU
Analysts following the Oriole Golf Company were given the following balance sheet information for the years ended June 30, 2020, and June 30, 2019: Assets Cash and marketable securities Accounts receivable Inventory Other current assets Total current assets Plant and equipment Less: Accumulated depreciation Net plant and equipment Goodwill and other assets Total assets Liabilities and Equity Accounts payable and accruals Notes payable Accrued income taxes Total current liabilities Long-term debt Total liabilities Preferred stock Common stock (10,000 shares) Additional paid-in capital Retained earnings Less: Treasury stock Total common equity Total liabilities and equity 2020 $33,461 260,255 423,894 41,326 $758,936 1,931,819 (419,119) $1,512,700 382,195 $2,653,831 2020 $378,311 14,562 21,200 $414,073 680,031 $1,094,104 10,000 975,515 587,596 (13,384) $1,559,727 $2,653,831 2019 $16,616 318,843 352,790 29,962 $718,211 1,609,948 (206,728) $1,403,220 412,640 $2,534,071 2019 $332,054 7,912 16,865 $356,831 793.590 $1,150,421 10,000 975,515 398,135 $1,383,650 $2,534,071
Transcribed Image Text:Analysts following the Oriole Golf Company were given the following balance sheet information for the years ended June 30, 2020, and June 30, 2019: Assets Cash and marketable securities Accounts receivable Inventory Other current assets Total current assets Plant and equipment Less: Accumulated depreciation Net plant and equipment Goodwill and other assets Total assets Liabilities and Equity Accounts payable and accruals Notes payable Accrued income taxes Total current liabilities Long-term debt Total liabilities Preferred stock Common stock (10,000 shares) Additional paid-in capital Retained earnings Less: Treasury stock Total common equity Total liabilities and equity 2020 $33,461 260,255 423,894 41,326 $758,936 1,931,819 (419,119) $1,512,700 382,195 $2,653,831 2020 $378,311 14,562 21,200 $414,073 680,031 $1,094,104 10,000 975,515 587,596 (13,384) $1,559,727 $2,653,831 2019 $16,616 318,843 352,790 29,962 $718,211 1,609,948 (206,728) $1,403,220 412,640 $2,534,071 2019 $332,054 7,912 16,865 $356,831 793.590 $1,150,421 10,000 975,515 398,135 $1,383,650 $2,534,071
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