Question
Long-term Equity Investments The annual report of The Arcadia Company discloses the following amounts on its consolidated statement of income: Year 1 Year 2 Year
Long-term Equity Investments The annual report of The Arcadia Company discloses the following amounts on its consolidated statement of income:
Year 1 | Year 2 | Year 3 | |
---|---|---|---|
Equity in earnings of unconsolidated affiliates | $350 | $455 | $570 |
Further, on Arcadia's consolidated balance sheet, it reports the following amounts for its investment in its unconsolidated affiliates:
Year 1 | Year 2 | Year 3 | |
---|---|---|---|
Investment in unconsolidated affiliates | $10,500 | $10,815 | $11,050 |
Calculate the amount of cash dividends received by The Arcadia Company from its unconsolidated affiliates in Year 2 and Year 3.
Year 2 |
|
Year 3 |
|
Calculate the adjustment to net income that appears on Arcadia's statement of cash flow in Year 2 and Year 3 for "undistributed earnings of unconsolidated affiliates."
Year 2 |
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Year 3 |
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