Anderson, Inc. has owned 70% of its subsidiary, Arthur Corp., for several years. The consolidated balance sheets of Anderson, Inc. and Arthur Corp. are presented below:

Additional information for 2011:

Net cash flow from financing activities was:

A) $(28,000).
B) $(35,000).
C) $(13,000).
D) $(63,000).
E) $(61,000).

Question

Anderson, Inc. has owned 70% of its subsidiary, Arthur Corp., for several years. The consolidated balance sheets of Anderson, Inc. and Arthur Corp. are presented below:
 
Additional information for 2011:

Net cash flow from financing activities was:

A) $(28,000). 
B) $(35,000). 
C) $(13,000). 
D) $(63,000). 
E) $(61,000).

Quizplus · Accepted Answer

The Answer of Anderson, Inc. has owned 70% of its subsidiary, Arthur Corp., for several years. The consolidated balance sheets of Anderson, Inc. and Arthur Corp. are presented below:
 
Additional information for 2011:

Net cash flow from financing activities was:

A) $(28,000). 
B) $(35,000). 
C) $(13,000). 
D) $(63,000). 
E) $(61,000).