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Pursley,Inc

Question 89

Multiple Choice

Pursley,Inc.owns 70 percent of Harry,Inc.The consolidated income statement for a year reports $50,000 Noncontrolling Interest in Harry,Inc.Income.Harry paid dividends in the amount of $80,000 for the year.What are the effects of these transactions on the consolidated statement of cash flows for the year? Pursley,Inc.owns 70 percent of Harry,Inc.The consolidated income statement for a year reports $50,000 Noncontrolling Interest in Harry,Inc.Income.Harry paid dividends in the amount of $80,000 for the year.What are the effects of these transactions on the consolidated statement of cash flows for the year? A) A Above B) B Above C) C Above D) D Above E) E Above


A) A Above
B) B Above
C) C Above
D) D Above
E) E Above

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