Suppose the following data are derived from the 2017 tnancial statements of Orio

Question

Suppose the following data are derived from the 2017 tnancial statements of Oriole Company (All dollars are in millions) Oriole Company has a December 31 year- US Cash balance, January 1. 2017 Cash paid for repayment of debt s 1.440 Cash received from issuance of long-term debt Cash paid for property and equipment Cash paid for dividends Cash paid for repurchase of common stock Cash paid for goods and services analyzing the data prepare a statement of cash flows for Oriole Company for the year ended December 31.2017.ist negative omounts either with o negative sign preceding the number es-15,000 or in parenthesis es, (15,0001 Enter amounts in millions, es, 45.000,000 would be entered as 45J

Explanation / Answer

Oriole Company Statement of Cash Flows For the year ended December 31, 2017 (in millions) Cash flows from operating activities Cash received from customers 9780 Cash paid for goods and service -6880 Cash received from operating activities 2900 Cash flows from investing activities Cash paid for property and equipment -1480 Cash Used in Investing activities -1480 Cash flows for financing activities Cash paid for repayment of debt -122 Cash received from issuance of common stock 120 Cash received from issuance of long-term debt 450 Cash paid for dividends -10 Cash paid for repurchase of common stock -1000 Cash used in financing activities -562 Net increase in cash 2338 Cash at the beginning of the year 1440 Cash at the end of the year 3778 Note: I have tried my best for correct solution and work , still you need any further help, please ask in comment and don’t forget to rate positively.

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