Problem 6-7 (LO 6-5) Comparative consolidated balance sheet data for Iverson, Inc., and its 80...
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Problem 6-7 (LO 6-5) Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow 2018 2017 Cash Accounts receivable (net) Nerchandise inventory Buildings and equipment (net) Trademark Totals $ 18,750 17,300 29,000 S0,250 points 48,800 97,850 101,300 101,700 115,000 Print 122,000 $368,400 $ 333,550 Reference Accounts payable Notes payable, long-term Noncontrolling interest Conmon stock, $10 par Retained earnings (deficit) Totals $ 94,250 73,750 29,200 46,000 200,000 54,100 200,000 20,050 (15,400) $368,400 $ 333,550 Additional Information for Fiscal Year 2018 . Merson and Oakley's consolidated net income was $59,750. .Oakley paid $6,000 in dividends during the year. Iverson paid $15,000 in dlvidends. Oakley sold $13,200 worth of merchandise to lverson during the year . There were no purchases or sales of long-term assets during the year. In the 2018 consolidated statement of cash flows for lverson Company: Net cash lows from operating activities were Muitiple Choice $41,000. $20,500. $46,850. $12,900
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