Louiniana Company uses the indirect method te prepare ts statement of cash fown Reler to the following portion of the comparative balance sheetLouisiana CompanyComparative Balance SheetDecember 31, 2025 and 20242024$2.00079.0002025Increase/(Decreas0)$32.000125 D00(15.000)$142.000$30,00046.000Common StockRetained EarmingsTreasury StockTotal Equity(8.200)$72.800(6,600)$69.200Note:1. There were no stock retirements during the year2 There were no sales of treasury stock during the yearCompute the cash flow from transactions involving treasury stockO A. $6,800 of positive cash flowO B. 2ero net cash lowOC. S6.800 negative cash flowO D. S15,000 negative cash low

Treasury stock: Shares which are bought back by the company from the open market but not retired…

Louisiana Company uses the indirect method to prepare s statement of cash fows Refer to the following portion of the comparative balance sheet Louisiana Company Comparative Balance Sheet December 31 2025 and 2024 2024 $2.000 79,000 (.200) $72.800 Increase(Decrease) $30.000 46,000 (6.800) $69.200 2025 $32000 125.000 Common Stock Retained Eamings Treasury Stock Total Equity (15.000) $142.000 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 ivolving treasury stock OA. $6,800 of positive cash flow O B. zero net cash Bow OC. $6.00 negative cash flow OD. S15,000 negative cash tow

Louisiana Company uses the indirect method to prepare s statement of cash fows Refer to the following portion of the comparative balance sheet Louisiana Company Comparative Balance Sheet December 31 2025 and 2024 2024 $2.000 79,000 (.200) $72.800 Increase(Decrease) $30.000 46,000 (6.800) $69.200 2025 $32000 125.000 Common Stock Retained Eamings Treasury Stock Total Equity (15.000) $142.000 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 ivolving treasury stock OA. $6,800 of positive cash flow O B. zero net cash Bow OC. $6.00 negative cash flow OD. S15,000 negative cash tow

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 55PSB: Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance...

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