New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: New Orleans Chemicals Company Comparative Balance Sheet December 31, 2018 and 2017 2017 Increase/(Decrease) $2200 89,000 2018 $33,000 155,000 Common Stock $30,800 Retained Earnings Treasury Stock 66,000 (2900) (8100) (5200) Total EquitY $179 900 $86 000 $93 900

New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: New Orleans Chemicals Company Comparative Balance Sheet December 31, 2018 and 2017 2017 Increase/(Decrease) $2200 89,000 2018 $33,000 155,000 Common Stock $30,800 Retained Earnings Treasury Stock 66,000 (2900) (8100) (5200) Total EquitY $179 900 $86 000 $93 900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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