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| CASH FROM OPERATING ACTIVTIES | ||||
| Consolidated net income | $ 264,000 | |||
| Adjustment from accrual to cash: | ||||
| Depreciation and amortization | $ 134,000 | |||
| Gain on sale of building | $ (37,000) | |||
| Decrease in accounts receivable | $ 27,000 | |||
| Increase in inventory | $ (157,000) | |||
| Decrease in accounts payable | $ (35,000) | |||
| Net cash flow from operating activities | $ 196,000 | |||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Sale of building | $47,000+$37,000 | $ 84,000 | ||
| Purchase of equipment | $ (233,000) | |||
| Net cash flow from investing activities | $ (149,000) | |||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Dividends paid | $117,000+$36,000*25% | $ (126,000) | ||
| Issuance of bonds | $ 117,000 | |||
| Issuance of common stock | $ 59,000 | $ 50,000 | ||
| Net cash flow from financing activities | ||||
| Net increase in cash during 2018 | $ 97,000 | |||
| Cash, January 1, 2018 | $ 97,000 | |||
| Cash, December 31, 2018 | $ 194,000 | |||
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Check my wor Hat Company holds 75 percent of the common stock of Ties, Inc., and...
Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of...
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Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 30 percent of...
Bolero Company holds 80 percent of the common stock of Rivera,
Inc., and 30 percent of this subsidiary’s convertible bonds. The
following consolidated financial statements are for 2017 and
2018:
2017
2018
Revenues
$
(920,000
)
$
(1,050,000
)
Cost of goods sold
614,000
654,000
Depreciation and amortization
104,000
128,000
Gain on sale of building
0
(34,000
)
Interest expense
44,000
44,000
Consolidated net income
(158,000
)
(258,000
)
to noncontrolling interest
23,000
25,000
to parent company
$
(135,000
)...
Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of...
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Additional Information for 2018 The parent issued bonds during the year for cash. Amortization of...
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On June 30, 2018, Plaster, Inc., paid $844,000 for 80 percent of Stucco Company's outstanding stock....
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Pear Corporation acquired 75 percent ownership of Sugar Company on January 1, 20X1, at underlying book...
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On June 30, 2018, Plaster, Inc., paid $868,000 for 80 percent of Stucco Company's outstanding stock....
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Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2017 and 2018: $ 2017 (860,000) 602,000 92,000 0 32,000 (134,000) 11,000 (123,000) S Revenues Cost of goods sold Depreciation and amortization Gain on sale of building Interest expense Consolidated net income to noncontrolling interest to parent company Retained earnings, 1/1 Net income Dividends declared Retained earnings, 12/31 Cash Accounts receivable Inventory Buildings...
Bolero Company holds 80 percent of the common stock of Rivera,
Inc., and 30 percent of this subsidiary’s convertible bonds. The
following consolidated financial statements are for 2017 and
2018:
2017
2018
Revenues
$
(920,000
)
$
(1,050,000
)
Cost of goods sold
614,000
654,000
Depreciation and amortization
104,000
128,000
Gain on sale of building
0
(34,000
)
Interest expense
44,000
44,000
Consolidated net income
(158,000
)
(258,000
)
to noncontrolling interest
23,000
25,000
to parent company
$
(135,000
)...
Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2017 and 2018: Revenues Cost of goods sold Depreciation and amortization Gain on sale of building Interest expense Consolidated net income to noncontrolling interest to parent company Retained earnings, 1/1 Net income Dividends declared Retained earnings, 12/31 Cash Accounts receivable Inventory Buildings and equipment (net) Databases Total assets Accounts payable Bonds payable Noncontrolling...
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