Statements is true of? statement of cash flows

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Reference no: EM131211183

Mars Chemicals Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance? sheet: Mars Chemicals Company Comparative Balance Sheet December? 31, 2017 and 2016 2016 2015 ?Increase/(Decrease) Common Stock ?$32,000 ?$2,400 ?$29,600 Retained Earnings ?155,000 ?154,000 ?1,000 Treasury Stock ?(?8,200) ?(?5,000) ?(3,200) Total Equity ?$178,800 ?$151,400 ?$27,400 Net Income for the year was? $57,000. Which of the following statements is true of? Taylor's statement of cash flows for? 2016? A. The company issued stocks for? $32,000. B. The net cash flow from financing activities is? $178,800. C. The company declared? $56,000 as dividends. D. The company purchased treasury stock for? $8,200.

Reference no: EM131211183

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