Pursley,Inc $\begin{array} {cc} & \text { Financing Activities } & \text { Operating Activities } \\\end{array}$

question 44

Short Answer

Pursley,Inc.owns 70 percent of Harry Corp.The consolidated income statement for a year reports $50,000 Noncontrolling Interest in Harry Corp.'s Net Income.Harry paid dividends in the amount of $80,000 for the year.What are the effects of these transactions in the consolidated statement of cash flows for the year? $\begin{array} {cc} & \text { Financing Activities } & \text { Operating Activities } \\\end{array}$
A) $\begin{array} {cc} & \text { Increased by } \$ 24,000 && \text { Increased by } \$ 15,000 \\\end{array}$
B) $\begin{array} {cc} & \text { Decreased by } \$ 15,000 && \text { Unaffected } \\\end{array}$
C) $\begin{array} {cc} & \text { Unaffected } &&&&&& \text { Decreased by } \$ 15,000 \\\end{array}$
D) $\begin{array} {cc} & \text { Decreased by } \$ 24,000 && \text { Unaffected } \\\end{array}$
E) $\begin{array} {cc} & \text { Unaffected } &&&&&& \text { Increased by } \$ 24,000 \\\end{array}$

• A)\(\begin{array} {cc} & \text { Increased by } \$ 24,000 && \text { Increased by } \$ 15,000 \\\end{array}\)
• B) \(\begin{array} {cc} & \text { Decreased by } \$ 15,000 && \text { Unaffected } \\\end{array}\)
• C) \(\begin{array} {cc} & \text { Unaffected } &&&&&& \text { Decreased by } \$ 15,000 \\\end{array}\)
• D) \(\begin{array} {cc} & \text { Decreased by } \$ 24,000 && \text { Unaffected } \\\end{array}\)
• E)\(\begin{array} {cc} & \text { Unaffected } &&&&&& \text { Increased by } \$ 24,000 \\
• \end{array}\)

Explain the influence of isotopic substitution on NMR spectra.

Understand the concept of nominal variables and their representation by indicator (dummy) variables.

Recognize when to use indicator variables in multiple regression models.

Identify the appropriate number of indicator variables for nominal variables with various categories.

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Definitions:

Spending on the War

Refers to the allocation of financial resources by a government or organization towards military operations during times of conflict.

Suburbanization

The process by which people move from urban areas to surrounding suburbs, often in search of lower housing costs or better quality of life.

Tax Bases

A tax base is the defined amount of assets, income, or other economic activity upon which a government levies taxes.

Construction Industry

The sector of the economy that involves the construction, maintenance, and design of buildings, infrastructure, and other physical structures.