Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

تمرين 45

Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2014 and 2015:


Additional Information for 2015
• The parent issued bonds during the year for cash.
• Amortization of databases amounts to $15,000 per year.
• The parent sold a building with a cost of $80,000 but a $40,000 book value for cash on May 11.
• The subsidiary purchased equipment on July 23 for $205,000 in cash.
• Late in November, the parent issued stock for cash.
• During the year, the subsidiary paid dividends of $10,000. Both parent and subsidiary pay dividends in the same year as declared.
Prepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2015. (Use indirect method)