A company reports the following balances: During 2018, net income of $32,000 was reported. No treasury stock was sold during 2018. No common stock was retired during 2018. What financing activities are reported on the statement of cash flows prepared with the indirect method for the year ending December 31, 2018?
A)sale of treasury stock $4000 and Payment of dividends $23,000
B)purchase of treasury stock $4000, Payment of dividends $23,000 and Sale of common stock $153,000
C)sale of treasury stock $4000, Sale of common stock $143,000
D)payment of dividends $9000, Sale of common stock $143,000, and Purchase of treasury stock $4000

Question

A company reports the following balances:  During 2018, net income of $32,000 was reported. No treasury stock was sold during 2018. No common stock was retired during 2018. What financing activities are reported on the statement of cash flows prepared with the indirect method for the year ending December 31, 2018?
A)sale of treasury stock $4000 and Payment of dividends $23,000 
B)purchase of treasury stock $4000, Payment of dividends $23,000 and Sale of common stock $153,000 
C)sale of treasury stock $4000, Sale of common stock $143,000 
D)payment of dividends $9000, Sale of common stock $143,000, and Purchase of treasury stock $4000

Quizplus · Accepted Answer

The Answer of A company reports the following balances:  During 2018, net income of $32,000 was reported. No treasury stock was sold during 2018. No common stock was retired during 2018. What financing activities are reported on the statement of cash flows prepared with the indirect method for the year ending December 31, 2018?
A)sale of treasury stock $4000 and Payment of dividends $23,000 
B)purchase of treasury stock $4000, Payment of dividends $23,000 and Sale of common stock $153,000 
C)sale of treasury stock $4000, Sale of common stock $143,000 
D)payment of dividends $9000, Sale of common stock $143,000, and Purchase of treasury stock $4000

A Company Reports the Following Balances: During 2018, Net