Exercise 12-3

Oriole Company reported net income of $189,230 for 2017. Oriole Company also reported depreciation expense of $38,350 and a loss of $4,720 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,800 for the year, a $16,380 increase in accounts payable, and a $4,140 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

CSecure htt edugen.wicyplus.com/edugeryltymainun I, Accounting, Gc 1 Part Oricle Company repoted net income of $189, 230 for 2017. Oriole Company also reported depreciation cxpensc of ? 38,350?nd s lcss cf 3-1,720 on the disposal of pant assets. The comparative bsance sheetz shcw an increase in accounts reccivabic of $14,800 for the year, a $16.380 increase in abocunts payable, anda4,140 incase in prepaid expenses creper" the og "' dtiny activities section or the stalenient ur dsh nuws fo' 2017. Use the indred me thu. Show rnoemts ,hat decr cash eth either d 15,000 or m ? imenthesrs e.g 15 000 w 5.yn e.g. Oriole Company Partial Statement of Cash Hows Reviow Results hy Sthadv Obiectlve Adjustments to reconcile net income to VIDEOI APPLIED SKITLLS Question Attempts: ot s usedSAVE FON LATER MIT ANSWER ?lype here to search