Question
Condensed financial data of Oriole Company follow. Oriole Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $105,400 $47,800 Accounts receivable $91,400 $32,400 Inventory
Condensed financial data of Oriole Company follow.
| Assets | 2022 | 2021 |
| Cash | $105,400 | $47,800 |
| Accounts receivable | $91,400 | $32,400 |
| Inventory | $112,100 | $102,100 |
| Prepaid expenses | $29,500 | $25,900 |
| Long-term investments | $139,900 | $113,600 |
| Plant assets | $275,500 | $242,800 |
| Accumulated depreciation | ($47,100) | ($51,200) |
| Total | $706,700 | $513,400 |
| Liabilitles and Stockholder's Equity | ||
| Accounts payable | $111,800 | $67,300 |
| Accrued expenses payable | $16,500 | $17,200 |
| Bonds payable | $110,800 | $149,200 |
| Common stock | $220,400 | $175,700 |
| Retained earnings | $247,200 | $104,000 |
| Total | $706,700 | $513,400 |
| Sales revenue | $391,500 | |
| Less: | ||
| Cost of goods sold | $13,000 | |
| Operating expenses, excluding depreciation | $13,000 | |
| Depreciation expense | $31,900 | |
| Income tax expense | $28,000 | |
| Interest expense | $4,900 | |
| Loss on disposal of plant assets | $7,500 | |
| Net income | $171,700 | |
Additional information:
1. New plant assets costing $79,100 were purchased for cash during the year.
2. Old plant assets having an original cost of $46,400 and accumulated depreciation of $36,000 were sold for $2,900 cash.
3. Bonds payable matured and were paid off at face value for cash.
4. A cash dividend of $28,500 was declared and paid during the year.
5. Common stock was issued at par for cash.
6. There were no significant noncask transactions.
Prepare a statement of cash flows uning the indirect method.
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| Adjustments to reconcile net income to | None | None |
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| space | Space | Space |
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| space | space | space |
| cash flows from financial activities? | None | None |
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| cash at beginning of period? | None | |
| cash at end of period? | None |
I would appreciate it if you could fill in the blanks.
Cash at End of Period
Cash Flows from Financing Activities
Cash Flows from Investing Activities
Cash Flows from Operating Activities
Net Cash Provided by Financing Activities
Net Cash Provided by Investing Activities
Net Cash Provided by Operating Activities
Net Cash Used by Financing Activities
Net Cash Used by Investing Activities
Net Cash Used by Operating Activities
Net Decrease in Cash
Net Increase in Cash
Cash Payments for Income Taxes
Cash Payments for Interest
Cash Payments for Operating Expenses
Cash Payments to Suppliers
Decrease in Accounts Payable
Decrease in Accounts Receivable
Decrease in Accrued Expenses Payable
Decrease in Inventory
Decrease in Prepaid Expenses
Depreciation Expense
Increase in Accounts Payable
Increase in Accounts Receivable
Increase in Accrued Expenses Payable
Increase in Inventory
Increase in Prepaid Expenses
Issuance of Bonds
Issuance of Common Stock
Loss on Disposal of Plant Assets
Net Income
Payment of Cash Dividends
Purchase of Investments
Purchase of Plant Assets
Redemption of Bonds
Redemption of Common Stock
Sale of Investments
Sale of Plant Assets
Cash at Beginning of Period
Cash at End of Period
Cash Flows from Financing Activities
Cash Flows from Investing Activities
Cash Flows from Operating Activities
Net Cash Provided by Financing Activities
Net Cash Provided by Investing Activities
Net Cash Provided by Operating Activities
Net Cash Used by Financing Activities
Net Cash Used by Investing Activities
Net Cash Used by Operating Activities
Net Decrease in Cash
Net Increase in Cash
Cash at Beginning of Period
Cash at End of Period
Cash Flows from Financing Activities
Cash Flows from Investing Activities
Cash Flows from Operating Activities
Net Cash Provided by Financing Activities
Net Cash Provided by Investing Activities
Net Cash Provided by Operating Activities
Net Cash Used by Financing Activities
Net Cash Used by Investing Activities
Net Cash Used by Operating Activities
Net Decrease in Cash
Net Increase in Cash
Please choose the accounting titles from the above.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
