Business, 24.03.2021 16:50 tiaemrich146
New York Production Company uses the indirect method to prepare its statement of cash flows. The Treasury Stock account had a debit 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
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