REFERENCE: Ref.06_11 The Balance Sheets of Butler,Inc.and Its 70 Percent-Owned Subsidiary,Cassie Corp

question 28

Multiple Choice

REFERENCE: Ref.06_11
The balance sheets of Butler,Inc.and its 70 percent-owned subsidiary,Cassie Corp. ,are presented below:
Additional information for 2009:

-Net cash flow from operating activities was:

• A)$92,000.
• B)$27,000.
• C)$63,000.
• D)$29,000.
• E)$33,000.

---

Definitions:

Customers

People or organizations that buy products or services from a company.

Liability

An obligation a company owes to others, such as loans, accounts payable, or mortgages, which must be settled over time through the transfer of economic benefits.

Future Outflow

Projected cash payments or disbursements that a business expects to incur as a result of current operations or future activities.

Resources

Resources are materials, energy, services, staff, or other assets that are utilized to produce goods and services, effectively supporting business operations.