Anderson, Inc

question 52

Multiple Choice

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 2021:The combination occurred using the equity method. Consolidated net income was $50,000. The noncontrolling interest share of consolidated net income of Arthur was $3,200.Arthur paid $4,000 in dividends.There were no purchases or disposals of plant & equipment or copyright this year.Net cash flow from operating activities was:

• A) $43,000.
• B) $44,800.
• C) $46,200.
• D) $50,000.
• E) $25,000.

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Definitions:

Positive Psychology

An approach to psychology that emphasizes the study and promotion of positive aspects of human life, such as happiness and well-being.

Courage

The ability to confront fear, pain, danger, uncertainty, or intimidation.

Eastern Traditions

A term referring to the diverse cultural, religious, and philosophical practices originating in Asia, including Buddhism, Confucianism, and Hinduism.

Temperance

The practice of self-control, moderation, and restraint in behavior or expression.