Question: Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: Additional Information for Fiscal Year 2021 - Iverson and


Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: Additional Information for Fiscal Year 2021 - Iverson and Oakley's consolidated net income was $55,250. - Oakley paid $6,000 in dividends during the year. Iverson paid $11,000 in dividends. - Oakley sold $18,700 worth of merchandise to Iverson during the year. - There were no purchases or sales of long-term assets during the year. In the 2021 consolidated statement of cash flows for Iverson Company: Net cash flows from operating activities were: Multiple Choice $34,800. $9,800. $17,400. $45,450
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