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 $\$ 100,000$.
- Cassie paid $\$ 10,000$ 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).

Question

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 $\$ 100,000$.
- Cassie paid $\$ 10,000$ 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).

Quizplus · Accepted Answer

The Answer of 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 $\$ 100,000$.
- Cassie paid $\$ 10,000$ 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).

The Balance Sheets of Butler, Inc $100,000\$ 100,000$100,000 - Cassie Paid

The Balance Sheets of Butler, Inc $\$ 100,000$
- Cassie Paid