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 operating activities was:
A) $92,000.
B) $27,000.
C) $63,000.
D) $29,000.
E) $34,000.

Question

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 operating activities was:
A) $92,000. 
B) $27,000. 
C) $63,000. 
D) $29,000. 
E) $34,000.

Quizplus · Accepted Answer

$100,000 + Depreciation $25,000 ($340,000 - $315,000) + Amortization $4,000 ($36,000 -$32,000) - A/R $42,000 ($150,000 - $108,000) - Inventory $42,000 ($220,000 - $178,000) + A/P $18,000 ($120,000 - $102,000) = $63,000 Net Consolidated Cash Flow from Operations

The Balance Sheets of Butler, Inc