The Balance Sheets of Butler, Inc

question 94

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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Definitions:

Potentialities

Capabilities or possibilities that may come into being or action; latent qualities or abilities that may be developed.

Humanistic Approach

An approach to psychology that emphasizes empathy and stresses the good in human behavior, focusing on the individual's potential and stressing the importance of growth and self-actualization.

Self-Centeredness

A personality characteristic involving an excessive focus on oneself and one's own needs, often neglecting others.

Narcissism

A psychological condition characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.