Question: Problem 6-3 (LO 1) Comprehensive cash flow, direct method. Presented below are the consolidated workpaper balances of Bush Inc. and its subsidiary, Dorr Corporation, as
Problem 6-3 (LO 1) Comprehensive cash flow, direct method. Presented below are the consolidated workpaper balances of Bush Inc. and its subsidiary, Dorr Corporation, as of December 31, 20X6 and 20X5:
Net Change Assets 20X6 20X5 Incr. (Decr.)
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 313,000 $ 195,000 $118,000 Marketable equity securities (at cost) . . . . . . . . . . 175,000 175,000 Prepare the statement of cash flows for the consolidated company using the indirect method.
A cash analysis worksheet should be prepared to aid in the development of the statement. Any other supporting schedules should be in good form.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
