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Required: Compute ONLY the net cash flows from operating activities section of consolidatod Cash flows statement for this business comibination for the year ending December
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Compute ONLY the net cash flows from operating activities section of consolidatod Cash flows statement for this business comibination for the year ending December 31, 2023. Use indirect method.
points Save Antwer Anderson, Incorporated has owned 70% of its subsidiary, Arthur Corporation, for several years. The consolidated balance sheets of Anderson and Arthur are presented below: Cash Accounts receivable (net) Merchandise inventory Buildings and equipment (net) Trademark Totals Accounts payable Notes payable, long-term Noncontrolling interest Common stock, $1 par Retained earnings (deficit) Totals 2022 $26,000 54.000 89,000 170,000 18,000 $357,000 $51.000 35,000 25.000 100,000 146,000 $357.000 2023 $8,000 Arthur paid $4,000 in dividends There were no purchases or disposals of plant & equipment or copyright this year 75.000 100.000 156 000 16,000 $355.000 60,000 -0 27.000 100.000 168,000 $355.000 Additional Information for Fiscal Year 2023 The combination occurred using the equity method. Consolidated net income was $50,000. The noncontrolling interest share of consolidated net income of Arthur was $3,200.
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