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Pursley, Inc

Question 19

Multiple Choice

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


A) Option A
B) Option B
C) Option C
D) Option D
E) Option E

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