The following information has been taken from the consolidation worksheet of Maple Company and its 60% owned subsidiary, Syrup Company.

(1) Maple reports a loss on sale of land (to an outside party) of $5,000.The land cost Maple $20,000.

(2) Maple paid dividends of $15,000.

(3) Syrup paid dividends of $10,000.

(4) Excess acquisition-date fair value over book value amortization was $6,000.

(5) Consolidated accounts receivable decreased by $8,000.

Required:How much (and in what section) will dividends be reported in the consolidated statement of cash flows?

Answers:A.$25,000; Financing section

B.$19,000; Investing section

C.$21,000; Financing section

D.$21,000; Investing section

E.$19,000; Financing section