Florida 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 Florida Chemicals Company's statement of cash flows for 2018?
A) The company issued stocks for $30,000.
B) The company declared $52,000 as dividends.
C) The company purchased treasury stock for $8400.
D) The net cash flow from financing activities is $180,600.
Correct Answer:
Verified
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