The current sections of Oriole Company's balance sheets at December 31, 2016 and 2019, are presented here. Oriole's net income for 2019 was $150,500. Depreciation expense was $25,000. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2019 $107,500 $97,200 108,300 77,200 159,000 172,100 26,200 25,000 $401,000 $371,500 $14,400 65,700 $100,100 2018 $0,100 95,900 $104,000 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2019, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis e.g. (15,000)) Adjustments to reconcile net income to Oriole Company Partial Statement of Cash Flows $

The current sections of Oriole Company's balance sheets at December 31, 2016 and 2019, are presented here. Oriole's net income for 2019 was $150,500. Depreciation expense was $25,000. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2019 $107,500 $97,200 108,300 77,200 159,000 172,100 26,200 25,000 $401,000 $371,500 $14,400 65,700 $100,100 2018 $0,100 95,900 $104,000 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2019, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis e.g. (15,000)) Adjustments to reconcile net income to Oriole Company Partial Statement of Cash Flows $

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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Question

Oo.94.

Subject :-Account

Current Attempt in Progress
The current sections of Oriale Company's balance sheets at December 31, 2018 and 2019, are presented here.
Oriole's net income for 2019 was $150,500. Depreciation expense was $25,000.
Current assets
Cash
Accounts receivable
Inventory
Prepaid expenses
Total current assets
Current liabilities
Accrued expenses payable
Accounts payable
Total current liabilities
2019
$107,500
$97,200
108,300
77,200
159,000
172,100
26,200
25,000
$401,000 $371,500
$14,400
85,700
$100,100
2018
$8,100
95,900
$104,000
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December
31, 2019, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg. (15,000))
Adjustments to reconcile net income to
Oriole Company
Partial Statement of Cash Flows
JOONI
$

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