Question: On June 3 0 , 2 0 2 1 , Plaster, Inc., paid $ 8 9 2 , 0 0 0 for 8 0 percent

On June 30,2021, Plaster, Inc., paid $892,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $223,000. At acquisition date, Stucco reported the following book values for its assets and liabilities: Cash$58,300Accounts receivable123,700Inventory198,000Land63,600Buildings171,100Equipment293,000Accounts payable(34,100)(Parentheses indicate credit balances.) On June 30, Plaster allocated the excess acquisition-date fair value over book value to Stucco's assets as follows: Prepare a 2021 consolidated statement of cash flows for Plaster and Stucco. Use the indirect method of reporting cash flows from operating activities. (Negative amounts and amounts to be deducted should be indicated by a minus sign.)
On June 3 0 , 2 0 2 1 , Plaster, Inc., paid $ 8 9

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