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The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented below: Additional information for 2011: Butler & Cassie's consolidated net

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The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented below: Additional information for 2011: Butler & Cassie's consolidated net income was $100,000. Cassie paid $10,000 in dividends. There were no disposals of plant & equipment or copyright this year. Net cash flow from operating activities was: $92,000. $27,000. $63,000. $29,000. $34,000

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