Jelly Bean Company uses the indirect method to prepare its statement of cash flo

Question

Jelly Bean Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: There was $12,000 negative cash flow from transactions involving treasury stock. There was zero net cash flow from transactions involving treasury stock. There was $4,000 negative cash flow from transactions involving treasury stock. There was $4,000 of positive cash flow from transactions involving treasury stock. Avatar Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: How will the change in Accrued Liabilities be shown on the statement of cash flows? A. as a deduction from Net Income. as an addition to Net Income C. as an addition to operating cash flows D. as a deduction from operating cash flows

Explanation / Answer

1) D ) There was $ 4,000 positive cash flow from transactions involving treasury stock

2) C) as an addition to operating cash flows

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