Oriole Corporation reported the following information (in thousands) at December 31, 2024 : Additional information:...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Oriole Corporation reported the following information (in thousands) at December 31, 2024 : Additional information: 1. The company purchased long-term investments during the year; none were sold. 2. The company purchased equipment during the year and sold some equipment that cost $190 and had a carrying amount of $75 for a gain of $30. Prepare the investing activities section of Oriole's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). ORIOLE CORPORATION Statement of Cash Flows (Partial) ( $ in thousands) Year Ended December 31, 2024 Cash Flows from Investing Activities Purchase of Long-term Investments $70 Purchase of Equipment Disposal of Equipment eTextbook and Media
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!