Solved

The Balance Sheets of Butler, Inc

Question 65

Multiple Choice

The balance sheets of Butler, Inc. and its 70%-owned subsidiary, Cassie Corp., which Butler has owned for several years are presented below: The balance sheets of Butler, Inc. and its 70%-owned subsidiary, Cassie Corp., which Butler has owned for several years are presented below:   Additional information for 2021:Butler & Cassie's consolidated net income was $100,000.Cassie paid $10,000 in dividends.There were no purchases or disposals of plant & equipment or copyright this year.Net cash flow from financing activities was: A)  $(92,000) . B)  $(96,000) . C)  $(300,000) . D)  $(80,000) . E)  $(126,000) . Additional information for 2021:Butler & Cassie's consolidated net income was $100,000.Cassie paid $10,000 in dividends.There were no purchases or disposals of plant & equipment or copyright this year.Net cash flow from financing activities was:


A) $(92,000) .
B) $(96,000) .
C) $(300,000) .
D) $(80,000) .
E) $(126,000) .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions