Marsha Alstone was fascinated with mergers and acquisitions. She had been following the news of Preferred Airline Group Corporation's (PAG's) interest in, offer for, and 100% acquisition of West Coastal Air, Inc. (WCA). When the deal closed on December 2, 2018, just a few weeks before PAG's fiscal year-end, she found herself wanting to develop, on her own, the consolidated statement of cash flows (SCF) for the year during which the WCA deal had closed. She wants to know in what ways the acquirer's postconsolidation financial statements changed in comparison to those from the year prior to the acquisition.
