Goehring, Inc

question 77

Multiple Choice

Goehring, Inc.owns 70 percent of Harry Corp.The consolidated income statement for a year reports $40,000 Noncontrolling Interest in Harry Corp.'s Net Income.Harry paid dividends in the amount of $100,000 for the year.What are the effects of these transactions in the consolidated statement of cash flows for the year?

• A) Increase in the financing section of $70,000, and decrease in the operating section of $30,000.
• B) Increase in the operating section of $70,000, and decrease in the financing section of $30,000.
• C) Increase in the operating section of $70,000.
• D) Decrease in the financing section of $30,000.
• E) No effects.

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Definitions:

Subconsciously Attributes

Subconsciously attributes refer to qualities or features that are assigned or associated with something without conscious awareness.

Association Techniques

Techniques in which respondents are presented with visual or auditory stimuli and asked to respond with the first association that comes to mind.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained.

Projective Testing

A psychological assessment technique where subjects interpret ambiguous stimuli, revealing hidden emotions and internal conflicts.