Question: Bogdanovic Corp. is preparing its consolidated cash flow statement for 2020. On September 30, 2020 Bogdanovic acquired 80% of Clarkson Inc. for $300 million, consisting





Bogdanovic Corp. is preparing its consolidated cash flow statement for 2020. On September 30, 2020 Bogdanovic acquired 80% of Clarkson Inc. for $300 million, consisting of $200 million cash and 5 million shares of Bogdanovic stock with a fair value of $20 per share. During 2020, Bogdanovic reported $66.3 million in depreciation expense, while Clarkson reported $42.2 million in depreciation expense. Clarkson's depreciation occurred at a constant rate throughout the year (ie, it was the same amount every month). The consolidated balance sheet for 2019 included $73.8 million for accounts receivable, while the 2020 consolidated balance sheet includes $94.1 million. At September 30, 2020, Clarkson had $18.6 million in cash and $34.4 million in AR on its books. At acquisition, Clarkson's PPE was deemed to be undervalued by $11.1 million, with an average remaining useful life of 10 years. For 2020, on the income statement, Bogdanovic Corp. reported $109.7 million in net income to the parent company and $11 million in minority interest in earnings. Clarkson paid a total of $43.5 million in dividends to its shareholders in 2020, with the same amount of dividends each quarter. Bogdanovic paid $110.2 million in dividends to its shareholders in 2020. Neither company engaged in any other debt or equity transactions in 2020. For these five questions provide the requested line item in Bogdanovic' 2020 consolidated cash flow statement. Note: all answers must have the correct sign as well as magnitude to match the figures in an indirect method cash flow statement. Present all values as millions of dollars with 2 decimal places. (E.g., 3,888,000 would be written as 3.89). Net income: Depreciation: Change in AR: Investing cash flow for acquisitions: Total cash flow for financing activities
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