Anderson, Inc

question 25

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:

Indian Problem

A term historically used to describe the challenges and policies related to the management of relations between Native American populations and the U.S. government.

Tribal Land

Land that is owned, used, or occupied by Indigenous tribes or communities, often recognized by governmental authorities for self-governance and cultural preservation.

Assimilation

The process by which individuals or groups adapt to the culture, beliefs, and practices of a dominant group, losing their original identity.

Eastern European Immigrants

Individuals who have migrated from Eastern European countries to other parts of the world, often for economic, political, or social reasons.