ash ccounts receivable (net) erchandise inventory uildings and equipment (net) ademark Totals counts payable otes payable, long-term Oncontrolling interest. ommon stock, $10 par etained earnings (deficit) Totals 19,500 42,200 106,550 101,400 105,000 $ 374,650 $ 91,200 0 67,700 200,000 15,750 $ 374,650 19,950 22,000 49,750 121,000 126,000 $ 338,700 $ 70,500 26,100 59,500 200,000 (17,400) $ 338,700
ash ccounts receivable (net) erchandise inventory uildings and equipment (net) ademark Totals counts payable otes payable, long-term Oncontrolling interest. ommon stock, $10 par etained earnings (deficit) Totals 19,500 42,200 106,550 101,400 105,000 $ 374,650 $ 91,200 0 67,700 200,000 15,750 $ 374,650 19,950 22,000 49,750 121,000 126,000 $ 338,700 $ 70,500 26,100 59,500 200,000 (17,400) $ 338,700
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Transcribed Image Text:Net cash flows from operating activities were:
Multiple Choice
O
O
O
O
$15,700.
$41,050.
$20,700.
$41,400.
Transcribed Image Text:Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow:
Cash
Accounts receivable (net)
Merchandise inventory
Buildings and equipment (net)
Trademark
Totals
Accounts payable
Notes payable, long-term
Noncontrolling interest
Common stock, $10 par
Retained earnings (deficit)
Totals
Additional Information for Fiscal Year 2021
2021
$ 19,500
42,200
106,550
101,400
105,000
$ 374,650
$
91,200
2020
$ 19,950
22,000
49,750
121,000
126,000
$ 338,700
$ 70,500
26,100
67,700
59,500
200,000
200,000
15,750
(17,400)
$ 374,650 $ 338,700
0
• Iverson and Oakley's consolidated net income was $56,750.
Oakley paid $7,000 in dividends during the year. Iverson paid $14,000 in dividends.
• Oakley sold $15,900 worth of merchandise to Iverson during the year.
• There were no purchases or sales of long-term assets during the year.
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