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 common stock.
B) There was a negative cash flow of $28,000 from the issuance of common stock.
C) There was a positive cash flow of $28,000 from the issuance of common stock.
D) There was positive cash flow of $30,000 from issuance of common stock.
Correct Answer:
Verified
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