Pure Life Corporation has just finished preparing a consolidated balance sheet,income statement,and statement of changes in retained earnings for 20X9.The following items are proposed for inclusion in the consolidated cash flow statement:
Pure Life holds 75 percent of the voting stock of Shane Pharmaceuticals,acquired at book value on June 21,20X6.On the date of the acquisition,the fair value of the noncontrolling interest was equal to 25 percent of the book value of Shane.
-Based on the preceding information,what was the change in cash balance for the consolidated entity for 20X9?
Definitions:
σ
The symbol representing the standard deviation in statistics, a measure of the amount of variation or dispersion in a set of values.
Dispersion
A statistical measure that describes the spread of or variation in a set of data values.
Variation
The difference in data set values from the mean, highlighting the dispersion or spread of a set of data points.
Quartile
A quartile is a type of statistical measure that divides a data set into four equal parts, revealing the spread and tendencies of the data.
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