The following information is available for Oriole Company for the year ended December 31, 2022.Beginning cash balance $ 31,200Accounts payable increase 7,410Depreciation expense 53,300Accounts receivable decrease 6,240Inventory decrease 4,030Net income 74,360Cash received for sale of land at book value 135,200Cash dividends paid 49,400Income taxes payable decrease 5,070Cash used to purchase land 105,300Cash used to redeem bonds 85,800Cash received from issuing stock 208,000Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)Oriole CompanyStatement of Cash Flows—Indirect Methodchoose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022select an opening name for section one Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land $enter a dollar amount Adjustments to reconcile net income to select an opening name for a subsection Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land$enter a dollar amount select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Landenter a dollar amount select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Landenter a dollar amount select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Landenter a dollar amount enter a total amount for this subsectionselect a closing name for section one enter a total amount for section one select an opening name for section two select an item enter a dollar amount select an itementer a dollar amount select a closing name for section two enter a total amount for section two select an opening name for section three select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select a closing name for section three enter a total amount for section three select an item enter a total amount for three sectionsselect an item enter a dollar amount $enter a total of the two previous amounts

The statement of cash flow is a financial statement that shows the cash and cash equivalents of a…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The following information is available for Oriole Company for the year ended December 31, 2022.

Beginning cash balance		$ 31,200
Accounts payable increase		7,410
Depreciation expense		53,300
Accounts receivable decrease		6,240
Inventory decrease		4,030
Net income		74,360
Cash received for sale of land at book value		135,200
Cash dividends paid		49,400
Income taxes payable decrease		5,070
Cash used to purchase land		105,300
Cash used to redeem bonds		85,800
Cash received from issuing stock		208,000

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Oriole Company Statement of Cash Flows—Indirect Method choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022
select an opening name for section one Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land		$enter a dollar amount
Adjustments to reconcile net income to
select an opening name for a subsection Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land	$enter a dollar amount
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land	enter a dollar amount
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land	enter a dollar amount
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land	enter a dollar amount

		enter a total amount for this subsection
select a closing name for section one		enter a total amount for section one

select an opening name for section two
select an item	enter a dollar amount
select an item	enter a dollar amount
select a closing name for section two		enter a total amount for section two

select an opening name for section three
select an item	enter a dollar amount
select an item	enter a dollar amount
select an item	enter a dollar amount
select a closing name for section three		enter a total amount for section three

select an item		enter a total amount for three sections
select an item		enter a dollar amount
		$enter a total of the two previous amounts

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