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nent Brief Exercise 23-5 Oriole Corporation had the following 2017 income statement. Sales revenue Cost of goods sold Gross profit Operating expenses (includes depreciation of

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nent Brief Exercise 23-5 Oriole Corporation had the following 2017 income statement. Sales revenue Cost of goods sold Gross profit Operating expenses (includes depreciation of $19,000) Net income $191,000 122,000 69,000 45,000 $24,000 The following accounts increased during 2017: Accounts Receivable $11,000, Inventory $11,000, Accounts Payable $14,000. Prepare the cash flows from operating activities section of Oriole's 2017 statement of cash flows using the indirect method. (Show amounts th. decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Oriole Corporation Statement of Cash Flows Indirect Method (Partial), Adjustments to reconcile net income to gnment UCCI de la > UUU UIT TRETIESISCU (15,000).) Oriole Corporation Statement of Cash Flows-Indirect Method (Partial) Adjustments to reconcile net income to LINK TO TEXT VIDEO SIMILAR EXERCISE

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