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A has owned 70% of Abbot for several years. The consolidated balance sheets of A and Abbot are presented below: 2018 2017 Cash $8,000 Accounts

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A has owned 70% of Abbot for several years. The consolidated balance sheets of A and Abbot are presented below: 2018 2017 Cash $8,000 Accounts receivable $26,000 54,000 75,000 Inventory 89,000 Plant and equipment 100,000 170,000 156,000 16,000 Copyright Accounts payable 18,000 60,000 51,000 Long term Debt 0 35,000 Noncontrolling interest 27,000 25,000 Common Stock, $1 par 100,000 100,000 Retained earnings 168,000 146,000 Additional information: a. Consolidate net income was $50,000 b. The noncontrolling interest of net income of Abbot was $3,200 C. Abbot paid $4,000 in dividends d. There were no disposals of plant and equipment or copyright this year Compute Net cash flow from operating activities Problem 18 (see problem 17) Computed cash flow from financing activities 09

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