he following information is available for Oriole Company for the year ended December 31, 2017. Beginning...

he following information is available for Oriole Company for the year ended December 31, 2017.

Beginning cash balance		$ 47,430
Accounts payable decrease		3,900
Depreciation expense		170,748
Accounts receivable increase		8,643
Inventory increase		11,594
Net income		299,441
Cash received for sale of land at book value		36,890
Cash dividends paid		12,648
Income taxes payable increase		4,954
Cash used to purchase building		304,606
Cash used to purchase treasury stock		27,404
Cash received from issuing bonds		210,800

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Oriole Company Statement of Cash Flows—Indirect Method

Expert Solution

ekkarill92 answered 1 year ago

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