Question
Anderson Inc. has owned 70% of its subsidiary Arthur Corp., for several years. The consolidated balance sheets of Anderson, Inc. and Arthur Corp are presented
Anderson Inc. has owned 70% of its subsidiary Arthur Corp., for several years. The consolidated balance sheets of Anderson, Inc. and Arthur Corp are presented below: 2011 2010 Cash . . . . . . . . . . . . . . . 8,000 26,000 Accounts receivable (net) 75,000 54,000 Inventory 100,000 89,000 Plant & Equipment (net) 156,000 170,000 Copyright 16,000 18,000 355,000 357,000 Accounts payable . . . . . . 60,000 51,000 Long term debt 0 35,000 Non-controlling Interest 27,000 25,000 Common Stock $ 1 Par 100,000 100,000 Retained earnings 168,000 146,000 355,000 357,000 Additional information for 2011: The combination occurred using the acquisition method. Consolidated net income was $ 50,000 The non-controlling interest share of consolidated net income of ARthur was 3,200. Arthur paid $ 4,000 in dividends. There were no disposals of plant & equipment or copyright this year.
Net cash flow from financiing activities was?
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