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Florida Chemicals Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Florida
Florida Chemicals Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Florida Chemicals Company Comparative Balance Sheet December 31, 2018 and 2017 Common Stock Retained Earnings Treasury Stock Total Equity Net Income for the year was $57,000. 2018 2017 $30,000 $2,500 159,000 154,000 (8,400) (5.200) $180,600 $151,300 Increase/Decrease) $27,500 5,000 (3.200) $29,300 O A. The net cash flow from financing activities is $180,600. OB. The company issued stocks for $30,000. O C. The company purchased treasury stock for $8,400. OD. The company declared $52,000 as dividends
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