Alpha Company owns 70% of Beta Company. During the year Alpha paid $250,000 in dividends and...
Alpha Company owns 70% of Beta Company. During the year Alpha paid $250,000 in dividends and Beta paid $100,000 in dividends. What amount of dividends should be recorded in the consolidated statement of cash flows?
|
$350,000 |
||
|
$320,000 |
||
|
$280,000 |
||
|
$250,000 |
||
|
$100,000 |
Homework Answers
Answer:
What amount of dividends should be recorded in the consolidated statement of cash flows?
| 250000+(100000*70%) | $320,000 |
| Option (B) $320,000 | |
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