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On January 1 , 2 0 2 4 , Clor - Proell Enterprises bought 2 0 % of the outstanding common stock of Chen Construction
On January ClorProell Enterprises bought of the outstanding common stock of Chen Construction Company for
$ million cash. Chen's net income for the year ended December was $ million. During Chen declared
and paid cash dividends of $ million. ClorProell recorded the investment as follows:
Required:
What would be the pretax amounts related to the investment that ClorProell would report in its statement of cash flows for the
year ended December
Note: Enter your answers in millions rounded to decimal place ie should be entered as Cash outflows
should be indicated with a minus sign.
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