Stahl Corporation owns 80 percent of the outstanding stock of MacDonald,Inc.During the current year,MacDonald made $125,000 in sales to Stahl.How does this transfer affect the consolidated statement of cash flows?
A) Include 80 percent as a decrease in the investing section.
B) Include 100 percent as a decrease in the investing section.
C) Include 80 percent as a decrease in the operating section.
D) Include 100 percent as an increase in the operating section.
E) Not reported in the consolidated statement of cash flows.
Correct Answer:
Verified
Q41: All of the following are examples of
Q45: How is the loss on sale of
Q51: What is the adjusted book value of
Q58: Ryan Company owns 80% of Chase
Q59: What is Ryan's percent ownership in Chase
Q63: REFERENCE: Ref.06_11
The balance sheets of Butler,Inc.and its
Q64: Pursley,Inc.owns 70 percent of Harry,Inc.The consolidated income
Q65: REFERENCE: Ref.06_11
The balance sheets of Butler,Inc.and its
Q66: Carlson,Inc.owns 80 percent of Madrid,Inc.Carlson reports net
Q78: A parent company owns a controlling interest
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents