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    Advanced Accounting Study Set 8
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    Exam 6: Variable Interest Entities, Intra-Entity Debt, Consolidated Cash Flows, and Other Issues
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    The Balance Sheets of Butler, Inc
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The Balance Sheets of Butler, Inc

Question 30

Question 30

Multiple Choice

The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented below: The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented below:   Additional information for 2013:   Net cash flow from financing activities was: A)  $(129,000) . B)  $(96,000) . C)  $(300,000) . D)  $(80,000) . E)  $(126,000) . Additional information for 2013: The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented below:   Additional information for 2013:   Net cash flow from financing activities was: A)  $(129,000) . B)  $(96,000) . C)  $(300,000) . D)  $(80,000) . E)  $(126,000) .
Net cash flow from financing activities was:


A) $(129,000) .
B) $(96,000) .
C) $(300,000) .
D) $(80,000) .
E) $(126,000) .

Correct Answer:

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