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Check my work Additional Information for 2018 The parent issued bonds during the year for cash. Amortization of databases amounts to $20,000 per year The
Check my work Additional Information for 2018 The parent issued bonds during the year for cash. Amortization of databases amounts to $20,000 per year The parent sold a building with a cost of $90,000 but a $45,000 book value for cash on May 11 The subsidiary purchased equipment on July 23 for $225,000 in cash. Late in November, the parent issued stock for cash. During the year, the subsidiary paid dividends of $35,000. Both parent and subsidiary pay dividends in the same year as declared Prepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2018. (Use indirect method) (Negative amounts and amounts to be deducted should be indicated by a minus sign.) BOLERO COMPANY AND CONSOLIDATED SUBSIDIARY RIVERA Consolidated Statement of Cash Flows Year Ending December 31, 2018 Cash from operating activities: Adjustment from accrual to cash: Net cash flow from operating activities 0 Cash flows from investing activities
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