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Mathematics, 06.03.2020 08:26 batmanmarie2004

Dditional information for 2021: 1. Consolidated depreciation expense was $400, and the goodwill impairment loss was $30. 2. Plant assets with an original cost of $300 were sold for $20. 3. Penrose declared and paid $50 in cash dividends. 4. Speedy declared and paid $10 in cash dividends. In the operating section of the 2021 consolidated statement of cash flows, the loss on the sale of plant assets is an adjustment to consolidated net income. The loss is A. $195 B. $ 27 C. $ 32 D. $280

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