Prepare a statement of cash flows for the year 2025 for Oriole. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to ORIOLE INC. Statement of Cash Flows $ Land purchased through issuance of $ of bonds $ $ Question 6 of 6 < > View Policies Current Attempt in Progress Oriole Inc. had the following balance sheet at December 31, 2024. Oriole Inc. Balance Sheet December 31, 2024 Cash $25,480 Accounts payable $35,480 Accounts receivable 26,680 Bonds payable 46,480 Investments 32,000 Common stock 105,480 Plant assets (net) 86,480 Retained earnings 28,680 Land 45,480 $216.120 $216,120 During 2025, the following occurred. - / 1.67 III 1. 2. Oriole liquidated its available-for-sale debt investment portfolio at a loss of $10,480. A tract of land was purchased for $43,480. 3. An additional $30,000 in common stock was issued at par. 4. Dividends totaling $15,480 were declared and paid to stockholders. 5. Net income for 2025 was $40,480, including $17,480 in depreciation expense. 6. Land was purchased through the issuance of $35,480 in additional bonds. 7. At December 31, 2025, Cash was $75,680, Accounts Receivable was $47,480, and Accounts Payable was $45,480. (a) Prepare a statement of cash flows for the year 2025 for Oriole. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Prepare a statement of cash flows for the year 2025 for Oriole. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to ORIOLE INC. Statement of Cash Flows $ Land purchased through issuance of $ of bonds $ $ Question 6 of 6 < > View Policies Current Attempt in Progress Oriole Inc. had the following balance sheet at December 31, 2024. Oriole Inc. Balance Sheet December 31, 2024 Cash $25,480 Accounts payable $35,480 Accounts receivable 26,680 Bonds payable 46,480 Investments 32,000 Common stock 105,480 Plant assets (net) 86,480 Retained earnings 28,680 Land 45,480 $216.120 $216,120 During 2025, the following occurred. - / 1.67 III 1. 2. Oriole liquidated its available-for-sale debt investment portfolio at a loss of $10,480. A tract of land was purchased for $43,480. 3. An additional $30,000 in common stock was issued at par. 4. Dividends totaling $15,480 were declared and paid to stockholders. 5. Net income for 2025 was $40,480, including $17,480 in depreciation expense. 6. Land was purchased through the issuance of $35,480 in additional bonds. 7. At December 31, 2025, Cash was $75,680, Accounts Receivable was $47,480, and Accounts Payable was $45,480. (a) Prepare a statement of cash flows for the year 2025 for Oriole. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Prepare a statement of cash flows for the year 2025 for Oriole. (Show amounts that decrease cash flow with either a-sign e.g. -15,000
or in parenthesis e.g. (15,000).)
Adjustments to reconcile net income to
ORIOLE INC.
Statement of Cash Flows
$
Land purchased through issuance of $
of bonds
$
$
Transcribed Image Text:Question 6 of 6
<
>
View Policies
Current Attempt in Progress
Oriole Inc. had the following balance sheet at December 31, 2024.
Oriole Inc.
Balance Sheet
December 31, 2024
Cash
$25,480
Accounts payable
$35,480
Accounts receivable
26,680
Bonds payable
46,480
Investments
32,000
Common stock
105,480
Plant assets (net)
86,480
Retained earnings
28,680
Land
45,480
$216.120
$216,120
During 2025, the following occurred.
- / 1.67
III
1.
2.
Oriole liquidated its available-for-sale debt investment portfolio at a loss of $10,480.
A tract of land was purchased for $43,480.
3.
An additional $30,000 in common stock was issued at par.
4.
Dividends totaling $15,480 were declared and paid to stockholders.
5.
Net income for 2025 was $40,480, including $17,480 in depreciation expense.
6.
Land was purchased through the issuance of $35,480 in additional bonds.
7.
At December 31, 2025, Cash was $75,680, Accounts Receivable was $47,480, and Accounts Payable was $45,480.
(a)
Prepare a statement of cash flows for the year 2025 for Oriole. (Show amounts that decrease cash flow with either a - sign e.g. -15,000
or in parenthesis e.g. (15,000).)
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