ook int ences In its consolidated cash flow statement for the year ended December 31, 20X2, Plant Corporation reported operating cash inflows of $284,000, financing cash outflows of $230,000, investing cash outflows of $80,000, and an ending cash balance of $57,000. Plant purchased 70 percent of Stem Company's common stock on March 12, 20X1, at book value. Stem reported net income of $30,000, paid dividends of $10,000 in 20X2, and is included in Plant's consolidated statements. Plant paid dividends of $45,000 in 20X2. The indirect method is used in computing cash flow from operations. Required: a. What was the consolidated cash balance at January 1, 20X2? b. What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows? c. If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $77,000 increase over net income, what amount was reported as consolidated net income for 20X2? Complete this question by entering your answers in the tabs below. Required A Required B Required C What was the consolidated cash balance at January 1, 20X2? Consolidated cash balance Required A Required B >
In its consolidated cash flow statement for the year ended December 31,20X2, Plant Corporation reported operating cash inflows of $284,000, financing cash outflows of $230,000, investing cash outflows of $80,000, and an ending cash balance of $57,000. Plant purchased 70 percent of Stem Company's common stock on March 12,20X1, at book value. Stem reported net income of $30,000, paid dividends of $10,000 in 202, and is included in Plant's consolidated statements. Plant paid dividends of $45,000 in 202. The indirect method is used in computing cash flow from operations. Required: a. What was the consolidated cash balance at January 1, 20X2? b. What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows? c. If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $77,000 increase over net income, what amount was reported as consolidated net income for 202 ? Complete this question by entering your answers in the tabs below. What was the consolidated cash balance at January 1,202? In its consolidated cash flow statement for the year ended December 31,20X2. Plant Corporation reported operating cash inflows of $284,000, financing cash outllows of $230,000, investing cash outflows of $80,000, and an ending cash balance of $57,000 Plant purchased 70 percent of Stem Company's common stock on March 12, 20X1, at book value Stem reported net income of $30,000, paid dividends of $10,000 in 20X2, and is included in Plant's consolidated statements Plant paid dividends of $45,000 in 202. The indirect method is used in computing cash flow from operations Required: a. What was the consolidated cash balance at January 1,202 ? b. What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows? c. If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $77,000 increase over net income, what amount was reported as consolidated net income for 202 ? Complete this question by entering your answers in the tabs below. What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows? In its consolidated cash flow statement for the year ended December 31,202, Plant Corporation reported operating cash inflows of $284,000, financing cash outtlows of $230,000, investing cash outflows of $80,000, and an ending cash balance of $57,000. Plant purchased 70 percent of Stem Company's common stock on March 12, 201, at book value Stem reported net income of $30,000. paid dividends of $10,000 in 202, ond is included in Plant's consolidated statements. Plant paid dividends of $45.000 in 20X2. The indirect method is used in computing cash flow from operations. Required: a. What was the consolidated cash balance at January 1, 20X2? b. What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows? c. If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $77,000 increase over net income, what amount was reported as consolidated net income for 202 ? Complete this question by entering your answers in the tabs below. If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $77,000 increase over net income, what amount was reported as consolidated net income for 202 ? In its consolidated cash flow statement for the year ended December 31,20X2, Plant Corporation reported operating cash inflows of $284,000, financing cash outflows of $230,000, investing cash outflows of $80,000, and an ending cash balance of $57,000. Plant purchased 70 percent of Stem Company's common stock on March 12,20X1, at book value. Stem reported net income of $30,000, paid dividends of $10,000 in 202, and is included in Plant's consolidated statements. Plant paid dividends of $45,000 in 202. The indirect method is used in computing cash flow from operations. Required: a. What was the consolidated cash balance at January 1, 20X2? b. What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows? c. If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $77,000 increase over net income, what amount was reported as consolidated net income for 202 ? Complete this question by entering your answers in the tabs below. What was the consolidated cash balance at January 1,202? In its consolidated cash flow statement for the year ended December 31,20X2. Plant Corporation reported operating cash inflows of $284,000, financing cash outllows of $230,000, investing cash outflows of $80,000, and an ending cash balance of $57,000 Plant purchased 70 percent of Stem Company's common stock on March 12, 20X1, at book value Stem reported net income of $30,000, paid dividends of $10,000 in 20X2, and is included in Plant's consolidated statements Plant paid dividends of $45,000 in 202. The indirect method is used in computing cash flow from operations Required: a. What was the consolidated cash balance at January 1,202 ? b. What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows? c. If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $77,000 increase over net income, what amount was reported as consolidated net income for 202 ? Complete this question by entering your answers in the tabs below. What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows? In its consolidated cash flow statement for the year ended December 31,202, Plant Corporation reported operating cash inflows of $284,000, financing cash outtlows of $230,000, investing cash outflows of $80,000, and an ending cash balance of $57,000. Plant purchased 70 percent of Stem Company's common stock on March 12, 201, at book value Stem reported net income of $30,000. paid dividends of $10,000 in 202, ond is included in Plant's consolidated statements. Plant paid dividends of $45.000 in 20X2. The indirect method is used in computing cash flow from operations. Required: a. What was the consolidated cash balance at January 1, 20X2? b. What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows? c. If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $77,000 increase over net income, what amount was reported as consolidated net income for 202 ? Complete this question by entering your answers in the tabs below. If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $77,000 increase over net income, what amount was reported as consolidated net income for 202