The Balance Sheets of Butler, Inc

question 65

Multiple Choice

The balance sheets of Butler, Inc. and its 70%-owned subsidiary, Cassie Corp., which Butler has owned for several years are presented below: Additional information for 2021:Butler & Cassie's consolidated net income was $100,000.Cassie paid $10,000 in dividends.There were no purchases or disposals of plant & equipment or copyright this year.Net cash flow from financing activities was:

• A) $(92,000).
• B) $(96,000).
• C) $(300,000).
• D) $(80,000).
• E) $(126,000).

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