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The following information has been taken from the consolidation worksheet of Graham Company and its 80% owned subsidiary, Stage Company.
(1) ) Graham reports a loss on sale of land of $5,000. The land cost Graham $20,000.
(2) ) Non-controlling interest in Stage's net income was $30,000.
(3) ) Graham paid dividends of $15,000.
(4) ) Stage paid dividends of $10,000.
(5) ) Excess acquisition-date fair value over book value was expensed by $6,000.
(6) ) Consolidated accounts receivable decreased by $8,000.
(7) ) Consolidated accounts payable decreased by $7,000.
How will dividends be reported in consolidated statement of cash flows?
Chain Of Command
The hierarchical structure within an organization that outlines the authority and responsibility relationships from the highest to the lowest ranks.
Organic Organization
A flexible, adaptive type of organizational structure that encourages cooperation and collaboration among employees.
Bureaucratic
Pertaining to a system of government or organization that is marked by fixed rules, a hierarchy of authority, and a focus on procedural correctness.
Centralized
A system where decision-making authority is concentrated at a single point or in the hands of few within an organization.
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