The following information is available for Oriole Company for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase $46,800 3,800 168,500 8,500 11,400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Cash Flows from Operating Activities
Net Income
Statement of Cash Flows-Indirect Method
For the Year Ended December 31, 2022
Adjustments to reconcile net income to
Net Cash Provided by Operating Activities
Depreciation Expense
Increase in Accounts Receivable
Increase in Inventory
Decrease in Accounts Payable
Increase in Income Taxes Payable
>
V
LA
$
168500
-8500
-3800
-11400
4900
$
295500
149700
Transcribed Image Text:Cash Flows from Operating Activities Net Income Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Increase in Inventory Decrease in Accounts Payable Increase in Income Taxes Payable > V LA $ 168500 -8500 -3800 -11400 4900 $ 295500 149700
The following information is available for Oriole Company for the year ended December 31, 2022.
Beginning cash balance
Accounts payable decrease
Depreciation expense
Accounts receivable increase
Inventory increase
Net income
Cash received for sale of land at book value
Cash dividends paid
Income taxes payable increase
Cash used to purchase building
Cash used to purchase treasury stock
Cash received from issuing bonds
$46,800
3,800
168,500
8,500
11,400
295,500
36,400
12,500
4,900
300,600
27,000
208,000
Transcribed Image Text:The following information is available for Oriole Company for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $46,800 3,800 168,500 8,500 11,400 295,500 36,400 12,500 4,900 300,600 27,000 208,000
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