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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