Solve the following questions:
The following information was derived from the 2017 consolidated financial statements of Parents Co., which owns 80% of AAA Co. as well as 40% of BBB Co.:
Equity Earnings from BBB Co. Decrease in Accounts Payable Increase in Accounts Receivable Increase in Inventory
Increase in Bonds Payable Depreciation
Loss on sale of machinery Carrying value of machinery sold Dividends received from BBB Co. Purchase of a building for cash Goodwill impairment loss
Entity Net Income allocated to non-controlling interest Consolidated net income allocated to Parent Dividends paid by Parents Co.
Dividends paid by AAA Co.
The cash balance at the start of 2017 was $200,000.
Required:
$120,000 $5,000 $10,000 $20,000 $40,000 $20,000 $10,000 $60,000 $10,000 $400,000 $5,000 $5,000
$950,000 $40,000 $12,000
Prepare the consolidated statement of cash flows for Parents Co. for the year ended December 31,2017
