Anderson, Inc

question 66

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 financing activities was:

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

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Definitions:

Ammonia

A compound of nitrogen and hydrogen with the formula NH3, known for its pungent smell and use as a nitrogen source in fertilizers.

Triethylamine

A strong, organic base with the formula (C2H5)3N, used as a catalyst and solvent in chemical synthesis.

Z Isomer

Refers to an isomer where the highest priority groups on either side of a double bond or around a ring system are on the same side, following CIP priority rules.

1-Bromopentane

An organic compound classified as an alkyl halide, consisting of a five-carbon chain with a bromine atom attached to the first carbon.