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Question 5) Below is selected financial information for Orange Corporation for December 31, 2023. Inventory $32,000 Cash dividends paid 66,000 Cash paid to purchase land
Question 5) Below is selected financial information for Orange Corporation for December 31, 2023. Inventory $32,000 Cash dividends paid 66,000 Cash paid to purchase land 29,000 44,000 Cash paid to suppliers Buildings 230,000 Common stock 196,000 Instructions a. b. $67,000 7,000 59,000 145,000 550,000 20,000 Cash paid to purchase equipment Cash received from issuing bonds Cash at beginning of period Equipment Service revenue Cash received from customers Determine which items should be included in a statement of cash flows and then prepare the statement for Orange Corporation. Comment on the adequacy of net cash provided by operating activities to fund the company's investing activities and dividend payments.
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