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Comparative balance sheets and the income statement for Prometheus Casinos and Spectacular Internationals Hotels are shown in the Excel spreadsheet (Problem 2). Additional information (in
Comparative balance sheets and the income statement for Prometheus Casinos and Spectacular Internationals Hotels are shown in the Excel spreadsheet (Problem 2).
Additional information (in millions):
1. Operating expenses include the following items:
- Consolidated depreciation expense, $250
- Goodwill impairment loss, $25
- Loss on cash sale of property, plant, and equipment, $10
2. During the year, plant assets of $675 were acquired for cash.
3. Dividends of $435 were paid to Prometheus Casinos shareholders.
Required:
Prepare in good form, the consolidated statement of cash flows for the year ended December 31, 2020. Use the indirect method.
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