Question

The following items were gathered from Oriole Industries’ general ledger: Sale of marketable securities $ 14,310 Depreciation and amortization expense 24,272 Payment of cash dividends 3,333 Proceeds from disposal of equipment 889 Loss on disposal of equipment 230 Net income 25,643 Beginning Cash balance 19,980 Purchase of equipment 21,832 Decrease in Accounts Receivable 1,548 Proceeds from issuing common stock 2,311 Increase in Inventory 3,585 Increase in Accounts Payable 4,700 Ending Cash balance 65,133 Using the indirect method, construct Oriole Industries’ statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Oriole Industries Statement of Cash Flows $ $ Net cash by activities Net cash by activities Net cash by activities $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO Question Attempts: 0 of 2 used SA

Answer 1