Multiple Choice
The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented below: Additional information for 2013: - Butler \& Cassie's consolidated net income was .
- Cassie paid in dividends.
- There were no disposals of plant \& equipment or copyright this year. Net cash flow from financing activities was:
A) $(129,000) .
B) $(96,000) .
C) $(300,000) .
D) $(80,000) .
E) $(126,000) .
Correct Answer:

Verified
Correct Answer:
Verified
Q5: A parent company owns a 70 percent
Q55: Where do dividends paid by a subsidiary
Q62: Johnson, Inc. owns control over Kaspar Inc,
Q66: MacDonald, Inc.owns 80 percent of the outstanding
Q100: Webb Company owns 90% of Jones
Q102: These questions are based on the
Q103: Panton, Inc. acquired 18,000 shares of
Q104: On January 1, 2013, Riney Co.
Q106: Ryan Company owns 80% of Chase
Q107: Ryan Company owns 80% of Chase