a.
Consolidated statement of cash flow: consolidated entities, as with individual companies, must present a statement of cash flow when they issue a complete set of financial statements. A consolidated statement of
preparation of worksheet to develop consolidated cash flows for 20X3 using indirect method
b.
Consolidated statement of cash flow: consolidated entities, as with individual companies, must present a statement of cash flow when they issue a complete set of financial statements. A consolidated statement of cash flows is similar to a statement of cash flows prepared for an individual corporate entity and is prepared in same manner. Consolidated statement of cash flow is prepared after consolidated financial statement. Consolidated cash flow statement is prepared form the information in the three consolidated statements, when an indirect approach is used consolidated net income must be adjusted for all items that affect consolidated net income and the cash of consolidated entity effectively.
Requirement 2
preparation of consolidated statement of cash flows for 20X3.
Want to see the full answer?
Check out a sample textbook solution
Chapter 10 Solutions
EBK ADVANCED FINANCIAL ACCOUNTING
- A manufacturing company had beginning work-in-process inventory of $24,000, direct materials added of $85,000, direct labor of $63,000, and manufacturing overhead of $42,000. If the ending work-in-process inventory is $31,000, what is the cost of goods manufactured?arrow_forwardWhat is the amount of total assets? Accounting questionarrow_forwardI need help finding the accurate solution to this general accounting problem with valid methods.arrow_forward
- I am searching for the correct answer to this general accounting problem with proper accounting rules.arrow_forwardPlease provide the solution to this general accounting question using proper accounting principles.arrow_forwardCan you solve this general accounting problem using appropriate accounting principles?arrow_forward
- Please explain this financial accounting problem by applying valid financial principles.arrow_forwardPlease provide the accurate answer to this financial accounting problem using appropriate methods.arrow_forwardCan you help me solve this general accounting problem with the correct methodology?arrow_forward
AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,
Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSON
Intermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill Education
Financial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education