Rodriguez Company holds 80 percent of the common stock of Molina, Inc , and 30 percent of this subsidiarys convertible bonds The following consolidated financial statements are for 2010 and 2011 Additional Information for 2011 cent The parent issued bonds during the year for cash cent Amortization ...

RODRIGUEZ COMPANY AND CONSOLIDATED SUBSIDIARY MOLINA Consolidated Statement of Cash Flows Year Ending December 31 2011 CASH FROM OPERATIONS Consolidat ...

Rodriguez Company holds 80 percent of the common stock of Molina, Inc., and 30 percent of this

Question:

Rodriguez Company holds 80 percent of the of Molina, Inc., and 30 percent of this subsidiary€™s convertible bonds. The following consolidated are for 2010 and 2011:

Rodriguez Company holds 80 percent of the common stock of

Additional Information for 2011
€¢ The parent issued bonds during the year for cash.
€¢ Amortization of databases amounts to $5,000 per year.
€¢ The parent sold a building with a cost of $60,000 but a $30,000 book value for cash on May 11.
€¢ The subsidiary purchased equipment on July 23 using cash.
€¢ Late in November, the parent issued stock for cash.
€¢ During the year, the subsidiary paid dividends of $10,000.
Prepare a consolidated statement of cash flows for this business combination for the year ending
December 31, 2011. Either the direct or the indirect approach may beused.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...