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On June 3 0 , 2 0 2 1 , Plaster, Inc., paid $ 8 5 2 , 0 0 0 for 8 0 percent
On June Plaster, Inc., paid $ for percent of Stucco Company's outstanding stock. Plaster assessed the acquisitiondate fair value of the percent noncontrolling interest at $ At acquisition date, Stucco reported the following book values for its assets and liabilities:On June Plaster, Inc., paid $ for percent of Stucco Company's outstanding stock. Plaster assessed the
acquisitiondate fair value of the percent noncontrolling interest at $ At acquisition date, Stucco reported the following
book values for its assets and liabilities:
Parentheses indicate credit balances.
On June Plaster allocated the excess acquisitiondate fair value over book value to Stucco's assets as follows:
Equipment year remaining life
Database year remaining life
At the end of the following comparative and balance sheets and consolidated income statement were available:
Additional Information for
On December Stucco paid a $ dividend. During the year, Plaster paid $ in dividends.
During the year, Plaster issued $ in longterm debt at par.
Plaster reported no asset purchases or dispositions other than the acquisition of Stucco.
Prepare a consolidated statement of cash flows for Plaster and Stucco. Use the indirect method of reporting cash flows from
operating activities. Negative amounts and amounts to be deducted should be indicated by a minus sign.
Cash $
Accounts receivable
Inventory
Land
Buildings
Equipment
Accounts payable
Parentheses indicate credit balances.
On June Plaster allocated the excess acquisitiondate fair value over book value to Stucco's assets as follows:
Equipment year remaining life $
Database year remaining life
At the end of the following comparative and balance sheets and consolidated income statement were available:
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