Suppose P Company received $20,000 in cash dividends from Y Company, a 40% owned affiliated company. Y

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Suppose P Company received $20,000 in cash dividends from Y Company, a 40% owned affiliated company. Y Company’s net income was $80,000. How will P’s statement of cash flows show these items using the direct method?

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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