The 2017 comparative balance shoat and income statement of Orangovile Group Inc. folows(Clok the loon to view the Inoome ctatement)Orangovile Group had no non-cash investing and financing transactions during 2017. Dutng the yoar, there were no sales of land or plant and oquipment, no isuances of notas payable, and no rapurchase of common sharesRequired1.m (Clok the loon to view the oomparative belanoe cheet)Propare the 2017 cash fow statomant by the indrect mothod.Evaluate the 2017 cash fow tor this companyRequirement 1.Propare the 2017 cash fow statomant by the indirect method (Uce parentheces or a minus cign for numbers to be cubtraoted or for negative oach flows.)Orangevile Oroup Ina.Comparative balance sheetIncome statemantCash Flow BtatementFor the Yhar Endad December 31, 2017Cash fows from aperating actvitiosOrangeville Group Ino.Crangeville Group ina.Net incomeBalanoe SheetInoome atateentAdd (sutract) homs that affect net incomeand cash tow dtorontyDocember 31, 2017 and 2016For the Yoar Endad Decamber 31, 201720172018ReveruesAmortastionCurront assetsSales novenue380,000Decroase in accounts racaivable168,000449,000Docrease in intarast racevabieCash and cash aquivalents5.00CSIntorest revaruo29,000Accounts receivable423,000Incruase in inventoriesTotal ravanues4,408.000Interest rocelvable7,20010,200Decrease in prapaid oxpersesExponsesInventories997,00917,000Decraase in acounts payabieCost of goods sold1,952.000Propaid axponsen19,00030,000Decresse in intoret payableSalares ecenseAmarization expanse826.C00Plart and equipmont, net943,0001,025,000417.000Ihowase In wages payabla255.000Land218,000Other oporating axpensesIntorest axpensaSOBI cganonease in incomo tax payabeTotal asacts$ 2.963,200 S 2735,200Nat cash infow joufow) trom aperating activitiesCurront lablts173.000Income tax exconseCash fows from Invasting acti/desAccounts payableInterast payable118,00cs193,000Total axpensas3,971,000Acquisition of land79,000Acustion of aupmentWages payableNat income438.00077,00018,000Lease labitesNat cash infow (ouffow) trom investing activitiesCash fows fom francing ativan195,000201,000Income tax payable89,00050,000PrintDonePayment of dvdondsLongterm kabitesNotes payableSharcholders cquityPayment of notos payabia670,00Ionuance of common sharesCommon shares1426.0ocNat cah intow (outfowtrom tirancing adivitiasNot incraase (dcreasa) in cash1230.000Retained eamings515.200294 200Cash and cash ouivaorts Decamber 31, 2016Tokal llabiltas and sharahoiders' aquity$ 2963.20c S 27352Cash and cash Gouvalors December 31, 2017Requirement 2. Evaluste the 2017 cash fow for his companyPrintDoneA postive net cash fow tromV adtivities convays aVsignal to investors as woll asLand and aquipmantOutfows raiated Dactvities casd yearly cah tfow to retin aVbalance. Eher theshould have boan delayed untt cash was adoquate to over these autowsAs long as this is not athe business wil endure however, it will nood to beVin the years to comeErter any number in the adt feids and then continue to the next question.

Name: The 2017 comparative balance shoat and income statement of Orangovile
Uploaded: 2024-03-04T10:43:15.000Z
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Description: The 2017 comparative balance shoat and income statement of Orangovile Group Inc. folows(Clok the loon to view the Inoome ctatement)Orangovile Group had no non-cash investing and financing transactions during 2017. Dutng the yoar, there were no sales

Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…

Business

Accounting

The 2017 compaatve balance shot and income statement of Orangvile Group Inc tolows mICthe loon to view the comparative belance sheet (Cilok the loon fo viewthe Inoome statement) Orangevle Grouo had no noncash investing and tnancing transations during 2017. Duing the year, there were no sales of land or plart and equipment, no isances of noles payab and no rapurchase of common shares Required Papare the 2017 cash fow stutement by the indrect method 1. Evalt he 2017 cash fow tor ths compary Requirement 1. Papare the 2017 cash fow temert by the indred method e parentheces or a minus sign for numbers to be cubtracted or for negative cash flows) Orangevile Oroup Ina Comparative balance sheet - X Income statemant Cach Flow Matment For the Yoar Enda Decarber 21, 2017 Cash Sous tom apeating achitas Orangeville Oroup Ino. Orangeville Oroup Ina. Nt income Balanoe heet Inoome ttatement For the Year Endad Decamber 31, 2017 Aac at oms that atect nt ncome December 31, 201I7 and 2016 and can atenty 2017 2010 Reveruas Anotauton Dose in acourts e Deoasein rt e Curont assets $ 4.30000 28.000 Sales novenue Cash and cah oualerts 1000 Intrest roverue Accounts recaivable 423.000 44000 Inoe is ertres 4.400.000 7.200 senur Interast rocelvabie 10.200 Exponses Cost of goods soid Salanes cense Amartaation exparse Othar operating openses Deoe in pat opers Inventories 987.000 917.000 Decne S 1.952.000 Prepaid penses Plart and aqupmert, net De nrat pae 19,000 30,000 825.Co0 1,025.00C 543 000 218.000 rONDM 226.000 5CLCOD wapied s 417.000 Deown 1kuase s Land nomet TxEassots sa $ 2.901200 S 2.72 sored suu om aperating actvies Inosase Inorest opense Nt cah ntoe Curont labtes Income tax expense 172.000 Con fows tom invedg as Accounts payaie 118,00S 193,000 T xpensas 3.571.000 Acpuisition af and rost payabie Wages payable 72,000 Ntincome 438.00 Acston at onert 8,000 201,000 D0,000 Leane abtos NE ch nfow butowtom investing aves Cash fow 19,00C Income tax payaie Print Done n out Longlam labias Paynert of udends Pament of no pa Notes payabe 405.000 BUrca of cormon shas Sharsholders eguly Comman shares Nt cah intow ufow ton trancng ades can 1.42.0o 515.200 120.000 Rutained eamings 204200 and cash rs Decanber 31, 2016 Txa latas and sharshoiders aquy $ 2.003.20S 272 Cash and cash agier Decamber 31.2017 Requirement2 E he 2017 ah fow tor this campany Print Done A poste net can tow trom atvies conveys a Signal to investors as wal as land and equipmant OutoNS Fatedto acivites causad yealy casn fow to rsutina balance Eher the should have bean delayed un cash was adequte to cover these auttows his is nat a the business wil andure hoever, t will noed to be in the yoars to come Er any unbar in the adt fais and then contnue to the ned qustion