E10-6 Direct Method Cash Flow Statement - JustAnswer
E10-6 Direct Method Cash Flow Statement
Using the data presented, prepare a statement of cash flows for Consolidated Enterprises Inc. using the direct method of computing cash flows from operating activities.
The accountant for Consolidated Enterprises Inc. has just finished preparing a consolidated balance sheet, income statement, and statement of changes in retained earnings for 20X3. The accountant has asked for assistance in preparing a statement of cash flows for the consolidated entity. Consolidated Enterprises holds 80 percent of the stock of Separate Way Manufacturing. The following items are proposed for inclusion in the consolidated cash flow statement:
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|Consolidated Enterprises, Inc. and Subsidiary |
| Consolidated Statement of Cash Flows |
| For the Year Ended December 31, 20X3 |
| | | | | | | | |
| Cash Flows from Operating Activities: | | | | | |
| Cash Received from Customer | | | | | $ - | |
| Cash paid to Suppliers | | | | | - | |
| Net Cash Provided by Operating Activities | | | | | $ - |
| | | | | | | | |
| Cash Flows from Investing Activities: | | | | | |
| Equipment Purchased | | | | | | |
| Sale of Equipment | | | | | | - | |
| Net Cash Used in Investing Activities | | | | | - |
| | | | | | | | |
| Cash Flows from Financing Activities: | | | | | |
| Sale of Bonds | | | | | | | |
| Repurchase of Common Stock | | | | | | |
| Dividends Paid | | | | | | | |
| To Parent Company Shareholders | | | | | |
| To Noncontrolling Shareholders | | | | | - | |
| Net Cash Provided by Financing Activities | | | | | - |
| Net Increase in Cash | | | | | | | $ - |
| | | | | | | | |
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