The Balance Sheets of Butler, Inc

question 23

Multiple Choice

The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented below:

Additional information for 2011:

Net cash flow from financing activities was:

• A) $(129,000).
• B) $(96,000).
• C) $(300,000).
• D) $(80,000).
• E) $(126,000).

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Definitions:

Trade Control

Government-imposed restrictions on the free exchange of goods and services between countries, including tariffs, quotas, and import licenses.

Property Rights

Legal rights over the use, control, and transfer of property, which can include intellectual property, real estate, and physical assets.

Political Rights

The rights of citizens to participate in the political process, including the right to vote, join political parties, and hold public office.

Suffrage Rights

The right to vote in public elections.