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PLEASE ANSWER ACCORDING TO THE BLANKS ABOVE Oriole Ltd. reported the following for the fiscal year 2024 : Additional information: 1. Accounts receivable decreased by
PLEASE ANSWER ACCORDING TO THE BLANKS ABOVE
Oriole Ltd. reported the following for the fiscal year 2024 : Additional information: 1. Accounts receivable decreased by $15,900 during the year. 2. Inventory increased by $7,420 during the year. 3. Prepaid expenses decreased by $5,300 during the year. 4. Accounts payable to suppliers increased by $10,600 during the year. 5. Accrued expenses payable increased by $4,240 during the year. 6. Income tax payable decreased by $6,360 during the year. Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flowStep by Step Solution
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