Question: Current Attempt in Progress Oriole Corporation reported the following information ( in thousands ) at December 3 1 , 2 0 2 4 : Dividends

Current Attempt in Progress
Oriole Corporation reported the following information (in thousands) at December 31,2024:
Dividends payable
Bank loan payable-current portion
Bank loan payable-non-current portion
Common shares
Retained earnings
2024
$15
280
420
640
700
2023
$5
280
300
440
530
Additional information:
1.
2.
3.
The bank loan was increased by additional borrowings of $330 to partially finance the purchase of new equipment that cost $700. The bank loan was decreased by repayments.
Common shares were issued during the year. None were repurchased.
The company paid dividends during the year.
Net income for the vear was $420.
B SUPPOrT
Prepare the financing activities section of Oriole's statement of cash flows for the vear.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!