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10. Topic: Consolidated statement of cash ows L05 The following information relates to the 2019 consolidated nancial statements of Parker Corporation and its 80 percent
10. Topic: Consolidated statement of cash ows L05 The following information relates to the 2019 consolidated nancial statements of Parker Corporation and its 80 percent interest in Sporling Company. Parker acquired its interest in Sporling at book value. 0 Consolidated net income to the controlling interest is $5,000,000. 0 Sporling's book income for 2019 is $2,000,000. 0 Sporling declared and paid dividends of $300,000 in 2019. 0 Consolidated depreciation and amortization expense for 2019 was $15,000,000. 0 Parker declared and paid $1,000,000 in dividends in 2019. How would the above information be reected in the consolidated statement of cash flows for 2019? a. Operating Activities Financing Activities $20,400,000 ${1,000,000) b. Operating Activities Financing Activities $22,400,000 $(1,000,000) c. Operating Activities Financing Activities $20,000,000 ${1,060,000) cl. Operating Activities Financing Activities $20,400,000 ${1,060,000)
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