Anderson, Inc

question 109

Multiple Choice

Anderson, Inc. has owned 70% of its subsidiary, Arthur Corp., for several years. The consolidated balance sheets of Anderson, Inc. and Arthur Corp. are presented below: Additional information for 2011: Net cash flow from operating activities was:

• A) $43,000.
• B) $44,800.
• C) $46,200.
• D) $50,000.
• E) $25,000.

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Definitions:

Appeal To Majority

The fallacy of using the fact that large numbers of people believe a proposition to be true as evidence of its truth.

Fallacy

An error in reasoning that renders an argument invalid or unsound, often due to a misleading or flawed premise.

Proposition

An assertion or declaration that conveys a personal judgment or belief, capable of being either accurate or inaccurate.

Argumentum Ad Decorum

A logical fallacy where one appeals to what is deemed appropriate by social standards rather than presenting a valid argument.