Comparative balance sheet accounts of Oriole Inc. are presented below. Debit Accounts Cash Oriole Inc. Comparative...
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Comparative balance sheet accounts of Oriole Inc. are presented below. Debit Accounts Cash Oriole Inc. Comparative Balance Sheet Accounts As of December 31, 2025 and 2024 Accounts Receivable Inventory Equity Investments Machinery Buildings Land December 31 2025 $42,200 71,100 30,100 22,500 29,900 67,800 7,600 $271,200 2024 $33,900 60,200 24,100 38,700 18,900 56,400 7,600 $239,800 Credit Accounts Allowance for Doubtful Accounts Accumulated Depreciation-Machinery Accumulated Depreciation-Buildings Accounts Payable Accrued Payables Long-Term Notes Payable Common Stock, no-par Retained Earnings Additional data (ignoring taxes): 1. 2. 3. 4. 5. $2,200 5,700 13,600 34,700 3,500 21,100 150,000 40,400 $271,200 $1,500 2,300 9,000 Oriole's 2025 income statement follows (ignoring taxes). 24,500 2,600 30,700 125,000 44,200 $239,800 Net income for the year was $42,500. Cash dividends declared and paid during the year were $21,300. A 20% stock dividend was declared during the year. $25,000 of retained earnings was capitalized. Equity investments (level of ownership is less than 20%) that cost $24,800 were sold during the year for $28,600. No unrealized gains and losses were recorded on these investments in 2025. Machinery that cost $3,800, on which $750 of depreciation had accumulated, was sold for $2,250. Oriole's 2025 income statement follows (ignoring taxes). Sales revenue Less: Cost of goods sold Gross margin Less: Operating expenses (includes $8,750 depreciation and $5,691 bad debts) Income from operations Other: Gain on sale of investments Loss on sale of machinery Net income (a) * Your answer is incorrect. Net cash flow from operating activities $ eTextbook and Media $3,800 (800) 43350 $538,000 377,700 160,300 120,800 39,500 Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 3,000 $42,500 A. New cash flow from operating activities b. prepare a statement of cash flow using the direct method Comparative balance sheet accounts of Oriole Inc. are presented below. Debit Accounts Cash Oriole Inc. Comparative Balance Sheet Accounts As of December 31, 2025 and 2024 Accounts Receivable Inventory Equity Investments Machinery Buildings Land December 31 2025 $42,200 71,100 30,100 22,500 29,900 67,800 7,600 $271,200 2024 $33,900 60,200 24,100 38,700 18,900 56,400 7,600 $239,800 Credit Accounts Allowance for Doubtful Accounts Accumulated Depreciation-Machinery Accumulated Depreciation-Buildings Accounts Payable Accrued Payables Long-Term Notes Payable Common Stock, no-par Retained Earnings Additional data (ignoring taxes): 1. 2. 3. 4. 5. $2,200 5,700 13,600 34,700 3,500 21,100 150,000 40,400 $271,200 $1,500 2,300 9,000 Oriole's 2025 income statement follows (ignoring taxes). 24,500 2,600 30,700 125,000 44,200 $239,800 Net income for the year was $42,500. Cash dividends declared and paid during the year were $21,300. A 20% stock dividend was declared during the year. $25,000 of retained earnings was capitalized. Equity investments (level of ownership is less than 20%) that cost $24,800 were sold during the year for $28,600. No unrealized gains and losses were recorded on these investments in 2025. Machinery that cost $3,800, on which $750 of depreciation had accumulated, was sold for $2,250. Oriole's 2025 income statement follows (ignoring taxes). Sales revenue Less: Cost of goods sold Gross margin Less: Operating expenses (includes $8,750 depreciation and $5,691 bad debts) Income from operations Other: Gain on sale of investments Loss on sale of machinery Net income (a) * Your answer is incorrect. Net cash flow from operating activities $ eTextbook and Media $3,800 (800) 43350 $538,000 377,700 160,300 120,800 39,500 Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 3,000 $42,500 A. New cash flow from operating activities b. prepare a statement of cash flow using the direct method
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To calculate the net cash flow from operating activities using the direct method we must consider the cash collected from customers cash paid to suppl... View the full answer
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date:
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