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Consolidated net income $10,000,000 Consolidated depreciation expense 1,500,000 Amortization of asset and liability revaluations: Previously unrecognized identifiable intangibles 700,000 Premium on long-term debt (40,000) (Net
Consolidated net income | $10,000,000 |
Consolidated depreciation expense | 1,500,000 |
Amortization of asset and liability revaluations: | |
Previously unrecognized identifiable intangibles | 700,000 |
Premium on long-term debt | (40,000) |
(Net income - Dividends) reported by a 40-percent-owned equity investment | 850,000 |
Decrease in noncash current operating assets | 1,400,000 |
Decrease in current operating liabilities | 1,050,000 |
Use the above data to prepare the operating cash flow section of a consolidated statement of cash flows, using the indirect method.
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