Avatar Company Uses the Indirect Method to Prepare Its Statement

question 20

Essay

Avatar Company uses the indirect method to prepare its statement of cash flows.Using the worksheet shown below,enter the adjustments needed to record the following transactions:
Purchased Treasury Stock for $3,000
Paid dividends of $10,000

---

Definitions:

Repression

A defense mechanism where unwanted feelings and thoughts are unconsciously pushed out of conscious awareness.

Rationalization

A defense mechanism where individuals justify their actions or decisions with plausible but not the real reasons to avoid facing the true underlying motives.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to another person.

Repression

A defense mechanism where unpleasant thoughts or desires are unconsciously excluded from consciousness.