Assume the foreign exchange rate quotes are such that $1 is equal to 1.0264 units of Australian dollars and 7.4239 units of Chinese Yuans. Also, those quotes can be expressed as Australian dollars 1.0264/$ and Chinese Yuans 7.4239/$. How many Chinese Yuans is needed to buy 1 unit of Australian dollar

Louisiana company uses the indirect method to prepare its statement of cash flows. refer to the following portion of the comparative balance sheet: louisiana company comparative balance sheet december 31, 2019 and 2018 2019 2018 increase/(decrease) common stock $32,000 $2,400 $29,600 retained earnings 123,000 76,000 47,000 treasury stock (15,000) (8,200) (6,800) total equity $140,000 $70,200 $69,800 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.