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Unformatted text preview: Equipment was purchased by the subsidiary on July 23, 2010, using cash. Late in November 2010, the parent issued common stock for cash. During 2010, the subsidiary paid dividends of $14,000. Required: Prepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2010. Either the direct method or the indirect method may be used. Answer 6-1 Difficulty: Hard...
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This note was uploaded on 02/23/2010 for the course ACCT 20842 taught by Professor Henry during the Spring '10 term at CSU San Bernardino.
- Spring '10