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what is the answer for 18,19 please 18) 18) Wyoming Company uses the indirect method to prepare its statement of cash flows. Refer to the
what is the answer for 18,19 please
18) 18) Wyoming Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet Wyoming Company Comparative Balance Sheet December 31, 2018 and 2017 2018 $18.000 113.000 (B000) $123.000 Increase/(Decrease $5600 33.000 2017 Common Stock Retained Earnings Treasury Stock Total Equity $12,400 80,000 (2600) $36,000 (5400) $87,000 Note 1. There was no retirement of stock during the year There were no sales of treasury stock during the year. Which of the following statements is correct? A) There was positive cash flow of $18.000 from issuance of Common Stock B) There was zero net cash flow from transactions involving Common Stock There was a positive cash flow of $5600 from the issuance of Common Stock D) There was a negative cash flow of $5600 from the issuance of Common Stock 19)Louisiana Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: 19) Louisiana Company Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Increase/(Decrease) Common Stock Retained Earnings Treasury Stock Total Equity $31.000 $2200 $28,800 120,000 79,000 41,000 (13,000) $138,000 (8500) (4500) $65,300 $72,700 Note: 1. There were no stock retirements during the year 2. There were no sales of treasury stock during the year. Compute the cash flow from transactions involving treasury stock A) $4500 of positive cash flow C) $13,000 negative cash flow B) zero net cash flow ) $4500 negative cash flow Step by Step Solution
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