New York Production Company uses the indirect method to prepare its statement of cash flows. The Treasury Stock account had a de

Question

3 years ago

13

New York Production Company uses the indirect method to prepare its statement of cash flows. The Treasury Stock account had a de

bit balance of at the beginning of the year and a debit balance of at the end of the year. No treasury stock was sold during the year. The financing section of the statement of cash flows will show a positive cash flow of for the buyback of treasury stock.
A. True
B. False

Business

1 answer:

IrinaVladis [17] · Answer 1 · 2022-03-12T23:16:33+03:00

IrinaVladis [17]3 years ago

4 0

I think the answer is (B false)

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