Mars Chemicals Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: 
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 company declared $56,000 as dividends.
C) The company purchased treasury stock for $8,200.
D) The net cash flow from financing activities is $178,800.
Correct Answer:
Verified
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