Jelly Bean Company Uses the Indirect Method to Prepare Its

question 84

Multiple Choice

Jelly Bean Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Note:1) There were no stock retirements during the year. "2) There were no sales of treasury stock during the year.
Which of the following statements would be true?"

• A)There was zero net cash flow from transactions involving treasury stock.
• B)There was $4,000 of positive cash flow from transactions involving treasury stock.
• C)There was $4,000 negative cash flow from transactions involving treasury stock.
• D)There was $12,000 negative cash flow from transactions involving treasury stock.

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Definitions:

Genetic Influences

The impact of genes inherited from parents on various aspects of an individual's physical and behavioral traits.

Twin-Study Method

A research strategy used in genetics and psychology to differentiate between genetic and environmental influences by comparing the similarities between monozygotic (identical) and dizygotic (fraternal) twins.

Adoptive Families

Families where one or more children have been legally adopted, creating a familial bond.