Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help. Here is the problem and data: Here is the data I have populated myself.is this correct? What values go in the box.

I need help. Here is the problem and data:

image text in transcribed

Here is the data I have populated myself.is this correct?

image text in transcribed

image text in transcribed

What values go in the box. I assume this will also affect the value in the securities at the beginning of the year. I'm also not certain that the section of description is correct either. See options:

image text in transcribedimage text in transcribed Analysts following the Oriole Golf Company were given the following balance sheet information for the years ended June 30,2020 . and June 30, 2019: In addition, it was reported that the company had a net income of $3,156,008 and that depreciation expenses were equal to $212,446 during 2020. Assume amortization expense was $0 in 2020 . Oriole Golf Company Statement of Cash Flows Year ended June 30, 2020 Cash Flows from Operating Activities Net Income \( \$ \longdiv { 3 1 5 6 0 0 8 } \) Additions (sources of cash) Depreciation Increase in Accounts Payable Increase in Accrued Income Taxes Decrease in Accounts Recelvable Subtractions (uses of cash) Increase in Other Current Assets Increase in Imventorles Net Cash provided by Operating Actlvitles Cash Flows from Investing Actlvitles Increase in Plant and Equipment Decrease in Goodwill and Other Assets Net Cash provided by Investing Actlvitles Cash Flows from Financing Activitles Decrease in Long-term Debt Purchase of Treasury Stock Increase in Notes Payable Payment of Cash Dlvidends Net Cash provided by Financing Actlvitles 212446 46312 4390 58643 $3395221 \( \$ \longdiv { - 3 2 1 9 8 1 } \) $291481 $113614 13494 6705 $3086895 Cash Flows from Financing Activities Decrease in Long-term Debt Purchase of Treasury Stock Increase in Notes Payable Payment of Cash Dividends Net Cash provided by Financing Activities Effect of Exchange Rates on Cash Net Increase in Cash and Marketable Securities Cash and Marketable Securities at Beginning of Year Cash and Marketable Securities at End of Year 13494 6705 $ 16845 16726 Effect of Exchange Rates on Cash Decrease in Accounts Paysble Decrease in Accourits Recelvable Decrease In Arcorued Income Taxes Decrease in Goodwill and Other Assets Decrease in Imventorles Decrease in Long-term Debt Decrease In Notes Payable Decrease in Cther Current Assets Decrease In Plant and Equlpment Depreclation Effect of Exchange Rates on Cash Increase In Accounts Payable Increase in accounts Recelvable Increase in , Accrued Income Taxes Increase in Goodwill and Other A.ssets Increase In Inventorles Increase In Long-term Debt Increase In Notes Payable SL Increase in Other Current Assets Effect of Exchange Rates on Cash Decrease In Imventorles Decrease In Long-term Debt Decrease In Notes Pzyable Decrease in Other Current Assets Decrease In Plant and Equlpment Depreclation Effect of Exchange Rates on Cash Increase in Accounts Payable Increase In accounts Recelvable Increase in , Accrued Income Taxes Increase In Goodwill and Other A.ssets Increase In Inventorles Increase In Long-tem Debt Increase in Notes Payable Increase in Other Current Assets Increase In Flant and Equlpment Net income Payment of Cash Dlvldends Purchase of Tressury Stock Je SL Sale of Tressury Stock

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Practical Approach

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

2nd Canadian edition

9781118377901, 1118377907, 1119048095, 978-1118849415

More Books

Students also viewed these Accounting questions

Question

How would you form a venture team if you set up your own start-up?

Answered: 1 week ago

Question

Under what circumstances is polygraph testing of employees legal?

Answered: 1 week ago