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how so i use info from the company to solve operating, financing, and investing cash flows 50. O June 2015 Master Inc.. paid for so
how so i use info from the company to solve operating, financing, and investing cash flows
50. O June 2015 Master Inc.. paid for so percent of Stucce Company's stack Pas s ed the acquisitice date far value of the 20 perc r olling interest 5229,000. Arquition de Stucco reported the following back values for its a n d $ 80.000 Accounts receivable. 127.000 Inventory 201 000 Land 55.000 Buildings 175.000 Equipment 300.000 Accounts payable.. . (35 000 On June 30, Plaster allocated the ens acquisition date fair valueer hook value to Scoo's s as follows: a Equipment (3-year remaining life $ 75.000 Database 10 year remaining life) 175.000 At the end of 2018, the following comparative (2017 and 2015) halance sheets and consolidated income statement were available: Cash Accounts receivable net). Inventory Land Buildings net...... Equipment inet .. Database Total assets Plaster, Inc. December 31, 2017 $ 43.000 352 000 415.000 300 000 245,000 1.800,000 -0- $3.165.000 $ 80.000 400.000 1.800.000 Consolidated December 31, 2018 $ 242.850 485.400 720.000 365.000 370.000 2,037.500 166250 $4387.000 $ 107.000 1.200.000 1.800.000 255.500 1024500 $4387000 Accounts payable...... Long-term liabilities.. Common stock Noncontrolling interest Retained earnings... Total abilities and equities.. 885.000 $3.165.000 PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December 31, 2018 Revenues... Cost of goods sold....... $737.500 Depreciation 187.500 Database amortization..... 8.750 Interest and other expenses... 9.750 Consolidated net income... $1217.500 943.500 $ 274.000 Additional Information for 2018 On December I. Stucco paid a $10,000 dividend. During the year. Plaster paid $100.000 in dividends. . During the year, Plaster issued $800,000 in long-term debt at par Plaster reported no asset purchases or dispositions other than the acquisition of Stucco Prepare a 2018 consolidated statement of cash flows for Plaster and Stucco. Use the indirect method of reporting cash flows from operating activities, Using the information in Problem 50 on page 316, complete the worksheet to compute: A. Cash flows from operating activities: $ B. Cash flows from investing activities: $_ C. Cash flows from financing activities: $ Worksheet to compute cash flows Step by Step Solution
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