Question: Comparative consolidated balance sheet data for Iverson, Inc. and its 80 percent-owned subsidiary Oaklet Co. consist of the following information https://imgur.com/a/ovR0pTf Additional information for Fiscal
Comparative consolidated balance sheet data for Iverson, Inc. and its 80 percent-owned subsidiary Oaklet Co. consist of the following information https://imgur.com/a/ovR0pTf
Additional information for Fiscal year 2018
- Iverson and Oakley's consolidated net income was $53500
- Oakley paid $4000 in dividends during the year. Iverson paid $11,000 in dividends
- Oakley sold $13,000 worth of merchandise to Iverson during the year.
- There were no purchases or sales of long-term assets during the year.
In the 2018 consolidated statement of cash flows for Iverson company:
Net cash flow from operating activities were?
34000
17000
40400
13100
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