Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oriole Corporation reported the following information (in thousands) at December 31, 2024 : Additional information: 1. The company purchased long-term investments during the year; none

image text in transcribedimage text in transcribed Oriole Corporation reported the following information (in thousands) at December 31, 2024 : Additional information: 1. The company purchased long-term investments during the year; none were sold. 2. The company purchased equipment during the year and sold some equipment that cost $190 and had a carrying amount of $75 for a gain of $30. Prepare the investing activities section of Oriole's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). ORIOLE CORPORATION Statement of Cash Flows (Partial) ( $ in thousands) Year Ended December 31, 2024 Cash Flows from Investing Activities Purchase of Long-term Investments $70 Purchase of Equipment Disposal of Equipment eTextbook and Media

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

Research Methods In Accounting

Authors: Malcolm Smith

6th Edition

1529779774, 978-1529779776

More Books

Students also viewed these Accounting questions