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Pursley, Inc. owns 70 percent of Harry Corp. The consolidated income statement for a year reports $50,000 Noncontrolling Interest in Harry Corp.'s Net Income. Harry

Pursley, Inc. owns 70 percent of Harry Corp. The consolidated income statement for a year reports $50,000 Noncontrolling Interest in Harry Corp.'s Net Income. Harry paid dividends in the amount of $80,000 for the year. What are the effects of these transactions in the consolidated statement of cash flows for the year?

Financing Activities Operating Activities
A) Increased by $24,000 Increased by $15,000
B) Decreased by $15,000 Unaffected
C) Unaffected Decreased by $15,000
D) Decreased by $24,000 Unaffected
E) Unaffected Increased by $24,000

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