Business, 11.12.2019 22:31, kokilavani

In its consolidated cash flow statement for the year ended december 31, 20x2, plant corporation reported operating cash inflows of $242,000, financing cash outflows of $239,000, investing cash outflows of $89,000 and an ending cash balance of $57,000. plant purchased 60 percent of stem company’s common stock on march 12, 20x1, at book value. stem reported net income of $40,000, paid dividends of $18,000 in 20x2, and is included in plant’s consolidated statements. plant paid dividends of $50,000 in 20x2. the indirect method is used in computing cash flow from operations.

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In its consolidated cash flow statement for the year ended december 31, 20x2, plant corporation repo...