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The Following Information Has Been Taken from the Consolidation Worksheet

question 9

Multiple Choice

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?

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Definitions:

Major Airways

The primary passages in the respiratory system, including the trachea and bronchi, that facilitate the flow of air to and from the lungs.

Intercostal Retractions

The inward movement of the spaces between the ribs during inspiration, a sign of respiratory distress indicating increased effort to breathe.

Expiratory Wheezes

High-pitched sounds heard with a stethoscope during exhalation, indicating airflow obstruction in the airways.

Tachypnea

Rapid breathing, which can be a sign of various conditions, including respiratory infections, congestive heart failure, or acidosis.

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