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

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

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

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