Question: 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

 Comparative consolidated balance sheet data for Iverson, Inc., and its 80
percent-owned subsidiary Oakley Co. follow Cash Accounts receivable (net) Merchandise inventory Buildings

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 S 5.250 $ 13,050 8,800 26,500 96,850 48,250 05100 117,000 09,000 125,500 Totals 5355,000 $330,300 Accounts payable Notes payable, long-term Noncontrolling interest Common stock, $10 par S 89,00O $ 75,000 31,300 55.200 48.000 200,000 200,000 Retained earnings (deficit) 10,800 (24,000) Totals $355,000 $330,300 Additional Information for Fiscal Year 2014 Iverson and Oakley's consolidated net income was $53,000. Oakley paid $5,000 in dividends during the year. Iverson paid $10,000 in dividends. Oakley sold $14,400 worth of merchandise to lverson during the year. There were no purchases or sales of long-term assets during the year In the 2014 consolidated statement of cash flows for Iverson Company: Net cash flows from financing activities were $(42,300). $(41.300). $(34,500). O s(49.500)

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