Question: On June 3 0 , 2 0 2 4 , Plaster, Incorporated, paid ( $ 8 6 0 , 0 0 0
On June Plaster, Incorporated, paid $ for percent of Stucco Company's outstanding stock. Plaster assessed the acquisitiondate fair value of the percent noncontrolling interest at $ At acquisition date, Stucco reported the following book values for its assets and liabilities: Parentheses indicate credit balances. On June Plaster allocated the excess acquisitiondate fair value over book value to Stucco's assets as follows: At the end of the following comparative and balance sheets and consolidated income statement were available:Plaster, Incorporated December Consolidated December PLASTER, INCORPORATED, AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December
Additional Information for
On December Stucco paid a $ dividend. During the year, Plaster paid $ in dividends.
During the year, Plaster issued $ in longterm debt at par.
Plaster reported no asset purchases or dispositions other than the acquisition of Stucco.
Required:
Prepare a consolidated statement of cash flows for Plaster and Stucco. Use the indirect method of reporting cash flows from operating activities.
Note: Negative amounts and amounts to be deducted should be indicated by a minus sign. begintabularlll
hline multicolumncPLASTER INCORPORATED, AND SUBSIDIARY STUCCO COMPANY
hline multicolumncConsolidated Statement of Cash Flows
hline multicolumncFor the Year Ended December
hline Cash flows from operating activities: & &
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hline Cash flows from investing activities: & &
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hline Cash flows from financing activities: & &
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hline Beginning cash, & &
hline Ending cash, & &
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endtabular
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