Place an X in the appropriate column below to indicate whether each of the items is included in the indicated sections of a consolidated statement of cash flows or is excluded from the statement:

Correct Answer:
Verified
Q21: The unrealized intercompany profit in the February
Q22: Included in the working paper eliminations for
Q23: Parle Corporation and its 80%-owned subsidiary, Sabe
Q24: The sales of merchandise by Pater Corporation
Q25: The working paper eliminations (in journal entry
Q26: On May 1, 2005, the beginning of
Q27: Pedro Corporation organized a 75%-owned subsidiary, Sanchez
Q28: Sonar Company, an 80%-owned subsidiary of Pinto
Q30: The accountant for Perris Corporation prepared the
Q31: Monica Sheldon, a staff assistant of the
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