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Avatar Company Uses the Indirect Method to Prepare Its Statement

question 138

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Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet: Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet: Which of the following statements would be TRUE? A) There was zero net cash flow from transactions involving treasury stock. B) There was $3,000 of positive cash flow from transactions involving treasury stock. C) There was $3,000 negative cash flow from transactions involving treasury stock. D) There was $8,000 negative cash flow from transactions involving treasury stock. Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet: Which of the following statements would be TRUE? A) There was zero net cash flow from transactions involving treasury stock. B) There was $3,000 of positive cash flow from transactions involving treasury stock. C) There was $3,000 negative cash flow from transactions involving treasury stock. D) There was $8,000 negative cash flow from transactions involving treasury stock. Which of the following statements would be TRUE?

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