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Consolidated Statement of Cash Flows: Comparative consolidated balance sheets and the 2013 Statement of Retained Earnings . PCI And SI 1) Consolidated Statement of Cash
Consolidated Statement of Cash Flows: Comparative consolidated balance sheets and the 2013 Statement of Retained Earnings . PCI And SI
1) Consolidated Statement of Cash Flows Comparative consolidated balance sheets and the 2013 Statement of Retained Earnings. PC and SI Comparative Consolidated Balance Sheets December 31 (in millions) 2013 2012 Assets Cash $ 500 200 Other current assets 900 800 Property, plant, and equipment 3,100 2,500 Accumulated depreciation (1,000) (800) Goodwill 275 300 Total assets $3.775 $3,000 Liabilities and Stockholder's Equity $ Current liabilities 900 650 950 800 Long-term liabilities 700 500 Capital Stock 1,065 900 Retained earnings 160 150 Noncontrolling interest Total liabilities and stockholder's equity $3,775 $3,000 PC and SI Consolidated Statement of Income and Retained Earnings For Year Ended December 31, 2013 Sales and other revenues $3,555 Cost of goods sold (1,700) Operating expenses (1,243) Consolidated net income 612 Noncontrolling interest in net income (12) 4 600 Controlling interest in net income 900 Retained earnings, January 1, 2013 (435) Dividends paid Parent Retained earnings, December 31, 2013 $1,065 Additional information (in millions): 1. 2. 3. Consolidated depreciation expense was $250. During the year, plant assets of $675 were acquired for cash. Operating expenses include $10 in losses on sale of plant assets for cash. Pupare in good for the cornealitated statement of cash Flows for the year ended 12/31/2013, 1) Consolidated Statement of Cash Flows Comparative consolidated balance sheets and the 2013 Statement of Retained Earnings. PC and SI Comparative Consolidated Balance Sheets December 31 (in millions) 2013 2012 Assets Cash $ 500 200 Other current assets 900 800 Property, plant, and equipment 3,100 2,500 Accumulated depreciation (1,000) (800) Goodwill 275 300 Total assets $3.775 $3,000 Liabilities and Stockholder's Equity $ Current liabilities 900 650 950 800 Long-term liabilities 700 500 Capital Stock 1,065 900 Retained earnings 160 150 Noncontrolling interest Total liabilities and stockholder's equity $3,775 $3,000 PC and SI Consolidated Statement of Income and Retained Earnings For Year Ended December 31, 2013 Sales and other revenues $3,555 Cost of goods sold (1,700) Operating expenses (1,243) Consolidated net income 612 Noncontrolling interest in net income (12) 4 600 Controlling interest in net income 900 Retained earnings, January 1, 2013 (435) Dividends paid Parent Retained earnings, December 31, 2013 $1,065 Additional information (in millions): 1. 2. 3. Consolidated depreciation expense was $250. During the year, plant assets of $675 were acquired for cash. Operating expenses include $10 in losses on sale of plant assets for cash. Pupare in good for the cornealitated statement of cash Flows for the year ended 12/31/2013Step by Step Solution
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